Sept 06, Colombo: Sri Lanka and India this morning inked an agreement to build a second coal power plant in the in country’s northeast coast.
Sri Lanka’s power authority, Ceylon Electricity Board (CEB) and India’s National Thermal Power Corporation signed the agreement at Galadhari Hotel in Colombo to build the much-delayed 500 MW coal power plant at Sampur in Trincomalee district of the Eastern Province.
The construction is to begin next year and the power generation is to be linked to the national grid in 2017. The 50-50 joint venture will cost US$ 500 million.
Sri Lanka opened the first coal power plant earlier this year in Norochcholai in the Puttalam District of Northwestern Province.
The Chinese-funded plant adds 300 MW of power to the national grid currently in the first phase and it is to add another 600 MW when the second phase is completed.