Daily News Online
 

Friday, 22 May 2009

News Bar

News: Ill-timed - Human Rights Minister ...        Political: Cabinet decisions ...       Sports: Murali spins kings to semis ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | SUPPLEMENTS  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

First ever LNG power plant inaugurated

Liquefied Natural Gas (LNG) is one of the few cheaper power sources available for the country, said Power and Energy Minister W.D.J. Seneviratne inaugurating the country's first ever LNG fired power plant in Kerawalapitiya yesterday.

Minister Seneviratne said that Lanka Aloka Ltd. agreed to supply electricity to the CEB at cheaper rates than most of the independent power suppliers. Minister Seneviratne cutting the first sod of soil at the site closer to the Kerewalapitiya Yugadhanavi thermal power plant, inaugurated the construction.

"The company had agreed to supply the power to the Ceylon Electricity Board at a lower rate, the Minister said. The Minister added that the country needed to explore more cheaper sources of power since there were not new exploitable hydro power sources available in the country. "The country had utilized almost all the water resources feasible for power generation."

Chief Incumbent of Attanagalle Rajamaha Viharaya Ven. Dr. Pannila Ananda Thera who had been instrumental in bringing down the project to Sri Lnaka, noted that two former heads of State had lethargic attitudes towards the implementation of the project. "The Australian company offered very competitive rates but the previous governments were not interested and turned down the direct investment opportunity," the Thera added.

Director Lanka Aloka Ltd. H.M. Navaratne said the project is expected to complete within 18 months. He said once the project is completed it would provide power to the CEB at the lowest rates. He added that the power plant would consist of a special storage facility to keep the gas at its liquid form in the below zero temperatures at -160 Celsius. He said that it also included a re-gasification unit.

According to the Media release by the Arc Development, the Australian project developer, also the arranger of the foreign direct investment and the project financing, stated that the first phase of the project with 500 MW would add 20 percent of additional capacity to the country's current generation capacity. The first phase would be completed at a cost of US $ 600 million.

The release stated that the power plant would be developed as a Clean Development Mechanism (CDM) project due to its low impact on environment. It further stated that that the project had been achieved its initial in-country approval and had been listed with the United Nations Framework Conventions on Climate Change (UNFCCC).

Information and Media Minister Anura Priyadarshana Yapa also participated.

 

EMAIL |   PRINTABLE VIEW | FEEDBACK

TENDER NOTICE - WEB OFFSET NEWSPRINT - ANCL
www.lanka.info
St. Michaels Laxury Apartments
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.peaceinsrilanka.org
www.army.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright 2009 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor