The total capacity of the Norochcholai coal power plant will be 900 megawatts (MW), a spokesman for the CEB told

Daily News Business.

* Total capacity of the Norochcholai coal power plant will be 900 MW

* Total investment of phase II is US$ 891 million

* The main objective of the project is to cater to the increasing demand for electricity and also to supply steady and low cost electricity to the national grid

He said the CEB expects to generate 600 MW under the phase II. It is scheduled to complete by the latter part of 2013.

The total investment of phase II is around US$ 891 million. It is provided by the Exim Bank of the Chinese Republic. The Sri Lankan Government provides another Rs 10 billion for the power plant.

The main objective of the project is to cater to the increasing demand for electricity and to supply steady and low cost electricity to the National Grid.

Due to the rapid growth in several industries and the accelerated efforts in electrification, the growth in a particular year may increase.

The demand and supply gap needs to be filled accordingly,” the spokesman said.

The Norochcholai power plant is a lead project of the Government. This hopes to enhance economic growth, poverty reduction and ensure balanced regional development through cost effective power sector development.

Compared to hydro and thermal power generating sources, coal is the most economical and feasible power supply.

(Courtesy: Daily News)