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Thursday, January 22, 2009 - 9.50 GMT |
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BOI signs agreement for gas Power Plant
in Kerawalapitiya
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The Board of Investment of Sri Lanka (BOI)
recently signed a US$ 600 million agreement
with Alokha AB (Private) limited to set up a
488 MW gas Power Plant at Kerawalapitiya.
The first stage of the project, which has
been approved by the BOI, will have a value
of US$ 600 million in Foreign Direct
Investment. The project is for a 1000 MW
power generation plant that is described as
a Clean Development Mechanism (CDM) as
defined in Article 12 of the Kyoto Protocol.
The first stage of the 488 MW power plant is
ready to commence construction. The new
power plant will create 50 new skilled
employment opportunities.
The plant will be using as feedstock
Liquefied Natural Gas which will be used for
the first time in Sri Lanka. Gas is
liquefied for ease of storage and transport
and then regasified before it is actually
used. When the process of liquefaction is
affected there is a removal of dust, water
and heavy carbons. The other important
aspect of LNG is that it is extremely
environmentally friendly as it is odorless,
colourless, and non-toxic and does not
pollute land or water.
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