Sri Lanka union blames Chinese firm for power plant failure

[AADHAAR]

I am sure if its to the company, the SL government cant afford to let the company which provides energy to collapse, China money is pretty safe.

Atleast, it will be a lesson for the future..... and to save credibility, China could actually go as far as waiving off the loan.

Reliance power won't get the waiver from chinese banks, though.
On the other hand, Indian govt is no means going bail out dear Mr. Ambani. Even if they think about it, Left and BJP will roast them in the parliament.

Anyway, in all wisdom ..... it's best to let market economy play out. If the chinese equipment do work out; everybody gets the power cheaper and the chinese banks will get their money back.

The 1.2 billion ADAG recently got from chinese banks .... actually went to Indian govt as 3G spectrum charges; but the risk is on ADAG not Indian govt. It's up to ADAG to earn the revenue from 3G business.... or feel free to go bust. Indian govt already got the hefty 3G spectrum charges .... eaten and digested.

3G is definitely going to be hard market in India .... too many players; and 4G is coming too soon for the 3G operators to recover the costs of spectrum. Anyway, it's best to let the market play things out. Indian consumer has always been a hard bargainer. Let's see if ADAG can recover his money back.

 

[Skyline]

Sri Lankan engineers are trying to take their first experience of handling coal power plant, give them at least 6 months!

 

[StormShadow]

Longer does not mean better.

You are not talking about training duration..aren't you?

 

[DelhiDareDevil]

Common it was a Chinese power plant. What could have possibly gone wrong with it?

Maybe Indians did something to it?

 

[Mo12]

Sri Lankan engineers are trying to take their first experience of handling coal power plant, give them at least 6 months!

Should come to India for better training.

 

[AADHAAR]

Sri Lankan engineers are trying to take their first experience of handling coal power plant, give them at least 6 months!

They are free to take 6 years or 60 years .... it's up to the power company to run the plant.

As far the power company remains solvent, there is nobody who has a problem.

Engineers work for a salary ... that's all they need to care about.

 

[jha]

Should come to India for better training.

Nope should have stayed longer there for training..Much longer...

 

[lynx]

On the other hand, Indian govt is no means going bail out dear Mr. Ambani. Even if they think about it, Left and BJP will roast them in the parliament.

Thats the problem with GoI..they want private players to take risks and bring in revenue but is not ready to help them when they are in dire straits. If God forbid ADAG goes bust GoI should bail them out by purchasing majority shares of ADAG. We are speaking about the jobs of thousands of workers here.

---------- Post added at 08:44 PM ---------- Previous post was at 08:44 PM ----------

Should come to India for better training.

Why should they?

---------- Post added at 08:45 PM ---------- Previous post was at 08:44 PM ----------

Sri Lankan engineers are trying to take their first experience of handling coal power plant, give them at least 6 months!

Its up to the Chinese to decide.

 

[Ajaxpaul]

Maybe all the safety and maintenance instructions were in Chinese. SL engineers should have learnt Chinese.

 

[Skyline]

Should come to India for better training.

Indians are doing coal power plant here too,

 

[AADHAAR]

Thats the problem with GoI..they want private players to take risks and bring in revenue but is not ready to help them when they are in dire straits. If God forbid ADAG goes bust GoI should bail them out by purchasing majority shares of ADAG. We are speaking about the jobs of thousands of workers here

Private players should take risks (.. in the hope they will get rewarded for the risks taken).

Govt should keep out of business ... that's a good policy.

Let's see if ADAG can succeed in producing cheap power .... if he can extract the lowest price and reliable quality, from any supplier in the world. If he makes a mistake .... only ADAG pays for it. If he does it right, he makes a lot of money.

And competitive pressure will only bring the better out of BHEL and L&T .... especially, if chinese equipments do work out to be cheaper, over the lifetime.

 

[lynx]

Indians are doing coal power plant here too,

Pls free to diss us if we do the same pathetic behaviour that the Chinese is showing.

 

[Skyline]

Don't laugh guys, I know most of states in India don't have 24x7 power supply.
Trouble in this coal power plant doesn't effect our 24x7 power supply. Nothing to worry too much there is a new hydro power plant, it will start to produce electricity with in few weeks.

The matter with this Chinese power plant is this Chinese company wanted to operate it for some years, but SL electricity board wanted to operate it themselves. This is the issue at the moment, if it failed again and again, Operations will go to that Chinese company. Money goes to China.

 

[Roybot]

All these breakdowns are happening either due to the negligence or intentionally by the Chinese just to extend their maintenance contract,

Thats a pretty big allegation.

Mind you CMEC(China Machinery Engineering Corporation) is not a private firm, its a Chinese Government owned company.

 

[Götterdämmerung]

It's this kind of mindset displayed by many Indians here that hinders India's progress.