Huge flaw in the Saampoor Thermal Power Plant Agreement: Champika Ranawaka

coal power plant       Former Power and Energy Minister and Technology and Research Minister Paatali Champika Ranawaka says that there is a huge flaw in the Saampoor Thermal Power Plant Agreement.

The Minister said so while participating at an experts’ forum in Colombo yesterday entitled ‘poisonous food leading to a silent death’.

On this occasion the Minister pointed out further that the country’s electricity consumers are at a loss as a result of this agreement.

The project is estimated to cost about $500 million (`3,000 crore), with NTPC and Ceylon Electricity Board having 50% stake each. It would be funded with a debt equity ratio of 70:30.

The plant would use imported coal and consists of a transmission line, to be built from Trincomalee to Madurai, including 39 km of submarine cable.

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