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India’s state owned thermal power Corporation expected to construct Rs. 15 billion power plant here
Munza Mushtaq in Colombo,
February 16, 2005, 10.34 a.m..
India’s state-owned National Thermal Power Corporation (NTPC) announced recently that it is considering setting up a power plant in Sri Lanka.“We are looking at setting up a 300 MW power plant in Sri Lanka. We have already submitted a proposal to the Sri Lankan government with regard to this,” stated C.P. Jain, Chairman and Managing Director of NTPC, according to the Sri Lanka Board of Investment.
The proposed project, which would be implemented in a joint venture with Bharat Heavy Electricals and Ceylon Electricity Board, is estimated to cost around Rs.15 billion.
The plant is expected to be run on either coal or gas. "We are looking at both the fuel options but no decision has yet been taken," Jain said. “The project would be run on Built-Own-Operate basis,” he further added.
Incorporated in 1975, NTPC is the largest thermal power generating company in India. Within a span of 30 years, NTPC has emerged as a truly national power company, with power generating facilities in all the major regions of the country. According to statistics, it is the 6th largest in terms of thermal power generation and the second most efficient in terms of capacity utilisation amongst the thermal utilities in the world.
NTPC's core business is engineering, construction and operation of power generating plants and also providing consultancy to power utilities in India and abroad. The plant is part of the power giant’s initiative to become a global company. The generating company has an installed capacity of about 21,000 MW and wants to add another 20,000 MW by the year 2012
Published: Tue Feb 15 23:52:32 EST 2005
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