India- Sri Lanka joint power plant in Trinco
[Thursday, February 14, 2008 - 06.00 GMT]

India and Sri Lanka yesterday (13) agreed to a timetable to build a 500 MW coal-fired power plant in Veloor near Nilaweli in Trincomalee district.

The $250 million power plant will be a joint venture between India ís National Thermal Power Corporation (NTPC), and the Ceylon Electricity Board (CEB). The first of the two 250 MW units will be commissioned by April 2012 and the second in July that year, according to the agreement.

The signatories to the timetable were NTPC Director (Transmission) R.K. Jain and CEB Additional General Manager (Transmission) R.J. Gunawardene.

The ceremony was presided over by the visiting Indian Commerce Minister Jairam Ramesh and Sri Lankan Power Minister W.D.J. Seneviratne.

As per the timetable, a joint venture agreement between NTPC and CEB will be signed in April this year. The same month, the NTPC will be given the contract to do the feasibility report. The power purchase agreement will be inked in August.

The issue of transportation of coal will be settled by December and the award of the main plant contract will be announced in June 2009.

'The project, for which a Memorandum of Agreement (MoA) was signed in December 2006, is behind schedule by an year. Therefore, India is keen on expediting it,' Ramesh said.









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Last Updated Date: February 14, 2008 - 6.00 GMT


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