Mar 20, Colombo: Sri Lanka has named its first coal power plant as Lakvijaya meaning the victory of Sri Lanka.
Lakvijaya Power House that adds 300 MW to the national grid will be opened by President Mahinda Rajapaksa on March 22 at Norochcholai, Puttalam in Northwestern Province.
The President laid the foundation stone to build the coal power plant on May 11, 2006.
Minister of Power and Energy Patali Champika Ranawaka, Minister of State Administration John Senevirathne and other cabinet ministers are to take part in the opening ceremony.
The coal power plant was built using a USD $455 million loan from China’s EXIM bank. Much of the construction work was carried out by China National Machinery Import and Export Corporation.
Agreements have been signed with China to obtain Rs. 90 billion from China for the second stage of the power plant. The estimated cost for the second stage is Rs. 110 billion (approximately US dollars 1 billion).
The second phase is scheduled to be completed by 2013 and is expected to inject 600 MW to the national grid.