NTPC expects to commence work on the 500 MW imported coal-based power project
in Sri Lanka by end-February 2010. According to sources, a site at Sampur, in
Trincomalee district, has been finalised.
Currently, the opinion of Sri Lanka's Attorney General is awaited. Once that
is received, NTPC and Ceylon Electricity Board (CEB) are likely to sign a JV
agreement, a PPA is to be signed between the JV company and CEB, and an
agreement between the Board of Investment and the JV company.
The project is to be funded with a debt to equity ratio of 70:30. NTPC plans
to import coal from Indonesia or South Africa for the proposed project.
Also See:
NTPC's
Trincomalee project in doldrums (26-Aug-09)