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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*

* Copy This Password *

* Type Or Paste Password Here *

164,774 Spam Comments Blocked so far by Spam Free Wordpress

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>