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* China, Sri Lanka joint venture to set up a 400MW LNG power plant in Hambantota
Thu, Nov 9, 2017, 09:49 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 09, Colombo: The Governments of China and Sri Lanka have taken steps to implement a joint project to establish a 400 MW Liquefied Natural Gas (LNG) power plant in Hambantota.

The project will be implemented with the prime objective of providing electricity to the industrial zone proposed to be constructed at Hambantota and to overcome the power scarcity that may occur in the future.

The project is expected to be implemented as a Joint Venture between the China Machinery Engineering Corporation (CMEC), nominated by the Government of China and the Ceylon Electricity Board.

It will be included in long term energy plan approved by Public Utilities Commission and implemented with relevant approvals.

The proposal made by the Minister of Power and Renewable Energy Ranjith Siyambalapitiya to implement the proposed project with relevant approvals was approved by the Cabinet.

The Sri Lankan government has decided not to set up anymore coal power plants in the country and hopes the country to be 100 percent powered by renewable energy by 2030.

India's largest importer of liquefied natural gas, Petronet LNG Ltd will soon form a joint venture with Japanese and Sri Lankan companies to set up a Liquefied Natural Gas terminal near Colombo in Sri Lanka.


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