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Sri Lanka Tokyo Cement in pact with Ceylon Electricity Board
23 August 2011: Sri Lanka's Tokyo Cement Company (Lanka) has signed a deal with the state power utility, Ceylon Electricity Board, to sell electricity from a 6 MW biomass power plant it plans to build.
Net annual electricity generation from the plant will be around 37, 230 MW hours which will be supplied to the national grid. The power plant will take 18 months to build and commissioning and test runs are to start by mid-2013. It will be set up under Tokyo Cement Power (Lanka), a fully-owned subsidiary, on a 2.5 ha land close to the Mahaweli river at Anguruwagala village, Bathalaya at Mahiyanganaya in the Uva province. The estimated cost of the power plant is Rs 150 crore and will be partly funded by internally generated funds of the Tokyo Cement group.
Source: lankabusinessonline