The Rs 20 billion coal-fired power plant project in Trincomalee has been postponed as a result of a disagreement with the Ceylon Electricity Board (CEB) and India’s Venkatesh Industries over power rates, said Sri Lanka’s Board of Investment (BOI). (US$1=97 Sri Lankan rupees). Venkatesh has completed initial survey work for which it has spent over…
SRI LANKA: Disagreement over power rate postpones Rs. 20billion coal project
Posted on December 10, 2003 by EnergyAsia