(March 10, Colombo, Sri Lanka Guardian) The Government of India and the Government of Sri Lanka agreed to a timetable to build a 500 MW coal-fired power plant in Veloor near Nilaweli in Trincomalee District.According to the agreement, the US $ 430 million power plant would be a joint venture between India’s National Thermal Power Corporation (NTPC), and the Ceylon Electricity Board (CEB). The first of the two 250 MW units would be commissioned by April 2012 and the second in July 2012.
As per the timetable, a joint venture agreement between NTPC and CEB will be signed in April this year. 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.
- Sri Lanka Guardian
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