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* Sri Lanka, China presidents to open the last phase of Norochcholai coal power plant
Sat, Aug 23, 2014, 12:10 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 23, Colombo: China's President Xi Jinping during his visit to Sri Lanka next month will join Sri Lankan President Mahinda Rajapaksa to commission the last phase of the China-funded Lakvijaya coal power plant in Norochcholai in north western Sri Lanka.

President Xi, who plans to visit India, Pakistan and Sri Lanka in the coming weeks, is expected to visit Sri Lanka in mid-September.

The Lakvijaya coal power plant was built in two phases. The Phase I of the project with the capacity of 300 MW was commissioned in March 2010 and the Phase II with capacity of 2X300 MW will be commissioned during the Chinese President's visit. With the completion of the second phase the plant will add a total of 900 MW to the grid.

According to the Ministry of Power and Energy, the funding for the project was provided by the Chinese Government on a long term low interest rate to the Sri Lankan Government.

The construction work was carried out by China Machinery Engineering Corporation (CMEC) while the funding is provided by the EXIM Bank of the Republic of China. As local investment the Sri Lankan Government has invested Rs. 5.3 billion for the first stage and Rs. 11 billion for the second stage of construction.

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