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Sri Lanka to get 236 million dollar loan for thermal power plant from HSBC
Thursday, 27 March 2008 - 11:15 PM SL Time
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HSBC yesterday announced that it has arranged a 236 million US dollar loan facility to a local firm to build a thermal power plant at Kerawalapitiya in Wattala, a suburb of capital Colombo.
According to the global banking giant, the 14 year loan from US and European credit agencies has set a benchmark by being the longest tenure achieved in Sri Lanka for a foreign debt. The government of Sri Lanka has guaranteed the loan, it said.
The Kerawalapitiya power plant is intended to generate 300 megawatts to the national grid. The project worth of 280 million US dollars is to be undertaken by West Coast Power Private Limited under aegis of Ceylon Electricity Board (CEB), Employee Provident Fund and Private Sector Retirement Fund.
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lankanlover99
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 27 Mar 2008 17:20:43 GMT Report for Abuse
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Good deal for us, but what about ellam? They are getting bombed back into the Before Christ period LOL
Edited By - lankanlover99 - 27 Mar 2008 17:22:30 |
Aani
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 27 Mar 2008 17:23:16 GMT Report for Abuse
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So I have loaned SL money?
I need to tell them to stop subprime loans:))
Edited By - Aani - 27 Mar 2008 17:24:29 GMT |
thasheeeela
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27 Mar 2008 17:24:28 GMT Report for Abuse
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Good deal for us
ah i didn't know that you are an active member in sl politics. |
Kosala6BC
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 27 Mar 2008 17:27:26 GMT Report for Abuse
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Loan okay, what is the rate of interest? 10%? While the banks are struggling with liquidity problem, HSBC is doing serious business with Srilanka.
What happened to the Madurai power project, power from Tamil Nadu. |
realman
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27 Mar 2008 17:33:01 GMT Report for Abuse
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HSBC yesterday announced that it has arranged a 236 million US dollar loan facility
sure, at what rate? |
analyst1
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27 Mar 2008 17:36:05 GMT Report for Abuse
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| I am sure a lot of people attached to this future project has already started thinking about buying new cars, homes, and sending thier kids abroad for education. Because they know they can grab a lot out of this, and good luck to people who are waiting to light their homes at cheap prices. |
lankanlover99
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27 Mar 2008 17:37:12 GMT Report for Abuse
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an active member in sl politics
All SL can benefit from an electric plant or perhaps you don't know what one is ? |
AnuD
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 27 Mar 2008 17:46:55 GMT Report for Abuse
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HSBC yesterday announced that it has arranged a 236 million US dollar loan facility to a local firm to build a thermal power plant at Kerawalapitiya in Wattala, a suburb of capital Colombo.
At present, Banks go though lot of hardships by lending money to companies in the Developed world.
Besides, Developed world is reaching the plateau and quite often see credit crunches.
So, Banks are reaching to developing world and lending money to UTILITIES IS GOOD BUSINESS.
Sri Lanka is also good and stable as a client. |
Aani
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27 Mar 2008 17:59:19 GMT Report for Abuse
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Sri Lanka is also good and stable as a client.
LOL:))
Anu what about the missing Tsunami billions? |
AnuD
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27 Mar 2008 18:07:24 GMT Report for Abuse
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what about the missing Tsunami billions?
AAni, first how do you prove,that GOSL got billions ad Tsunami funds ?
Gonnamba might know. |
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