Sri Lankan government approves two 300MW coal plants as extensions to existing Norochcholai plant
Sri Lanka’s Government Information Department has announced that the Cabinet of Ministers had approved two 300 Mega Watt coal power plants as an extension to the existing coal power complex in Norochcholai.
The announcement has further noted that the Cabinet has also given approval for a 300 Mega Watt liquefied natural gas (LNG) plant in Sri Lanka’s Kerawalapitiya area as a joint venture between Sri Lanka’s state owned power company, the Ceylon Electricity Board (CEB), Japan and India.
A 300MW has also been approved to be built with the support of the Asian Development Bank (ADB), local media reports also stated.
Cabinet Spokesperson, Minister Bandula Gunewardene has told the media that the plants were in line with an existing generation plan.
The Cabinet of Ministers has also called for the construction of solar plants planned with a US$ 100 million credit from India.
OSL take:
The looming power crisis in Sri Lanka has opened up many business/investment opportunities in the country’s power and energy sector. Sri Lanka is constantly exploring new and cheap power generation methods, especially in renewable energy. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s power and energy sector.
| Article Code : | VBS/AT/20200128/Z_2 |