India, Sri Lanka to sign pacts for 500-MW Sampur power project

Monday, 7 October 2013 00:00 -     - {{hitsCtrl.values.hits}}

New Delhi- India and Sri Lanka will tomorrow sign agreements for a 500 MW thermal power project to be jointly developed by state-owned NTPC with a local partner in the island nation. The proposed signing of pacts for the Sri Lanka plant comes close on the heels of India and Bangladesh inaugurating two power projects on Saturday and reflect stronger regional co-operation in this sector. The Sri Lanka project, to be fired with imported coal, would be developed by Trincomalee Power Company - an equal joint venture between NTPC and Ceylon Electricity Board (CEB). According to an official, agreements with regard to the proposed 500 MW power project in Sri Lanka would be signed on Monday. These pacts include those related to power purchase, land lease and coal supply.