onionkiller
FULL MEMBER
- Joined
- Sep 12, 2013
- Messages
- 475
- Reaction score
- 0
India and Sri Lanka will tomorrow sign agreements
for a 500 MW thermal power project to be jointly
developed by state-owned NTPC.
NEW DELHI: India and Sri Lanka will tomorrow sign
agreements for a 500 MW thermal power project to be
jointly developed by state-owned NTPC with a local
partner in the island nation.
The proposed signing of pacts for the Sri Lanka plant
comes close on the heels of India and Bangladesh
inaugurating two power projects on Saturday and
reflect stronger regional co-operation in this sector.
The Sri Lanka project, to be fired with imported coal,
would be developed by Trincomalee Power Company --
an equal joint venture between NTPC and Ceylon
Electricity Board (CEB).
According to an official, agreements with regard to the
proposed 500 MW power project in Sri Lanka would be
signed on Monday. These pacts include those related
to power purchase, land lease and coal supply.
External Affairs Minister Salman Khurshid , his Sri
Lankan counterpart G L Peiris and government officials
from both sides, among others, are expected to be
present during the signing of pacts.
Electricity generated from the plant, which would have
two units of 250 MW, would be supplied to CEB.
Coal for the project would be imported and supplied
by Lanka Coal Company (LCC), while land would be
given by the Sri Lankan government on a long term
lease.
Even though the agreement for the joint venture
project was signed in late 2011, various differences
between NTPC and CEB had been delaying further
progress.
India's largest power producer NTPC has an installed
generation capacity of 41,184 MW.
NTPC Ltd.
source. economicstimes.com
for a 500 MW thermal power project to be jointly
developed by state-owned NTPC.
NEW DELHI: India and Sri Lanka will tomorrow sign
agreements for a 500 MW thermal power project to be
jointly developed by state-owned NTPC with a local
partner in the island nation.
The proposed signing of pacts for the Sri Lanka plant
comes close on the heels of India and Bangladesh
inaugurating two power projects on Saturday and
reflect stronger regional co-operation in this sector.
The Sri Lanka project, to be fired with imported coal,
would be developed by Trincomalee Power Company --
an equal joint venture between NTPC and Ceylon
Electricity Board (CEB).
According to an official, agreements with regard to the
proposed 500 MW power project in Sri Lanka would be
signed on Monday. These pacts include those related
to power purchase, land lease and coal supply.
External Affairs Minister Salman Khurshid , his Sri
Lankan counterpart G L Peiris and government officials
from both sides, among others, are expected to be
present during the signing of pacts.
Electricity generated from the plant, which would have
two units of 250 MW, would be supplied to CEB.
Coal for the project would be imported and supplied
by Lanka Coal Company (LCC), while land would be
given by the Sri Lankan government on a long term
lease.
Even though the agreement for the joint venture
project was signed in late 2011, various differences
between NTPC and CEB had been delaying further
progress.
India's largest power producer NTPC has an installed
generation capacity of 41,184 MW.
NTPC Ltd.
source. economicstimes.com
