US$ 300 mn coal-fired plant ready in Sri Lanka

  • 18 Aug 2008 14:37:21 GMT

    I dona`t know any cheap solution to the energy crisis in Sri Lanka.

    But I believe we can produce human sparkling 3 phase energy from

    Mr. Rajaphksh`s, Prebakaran`s and Mervin Silva`s Bottoms for sure.

  • 19 Aug 2008 03:27:29 GMT

    `..would be converted to LNG within few years...`

    I guess this has been a political statement without any basis.

    It is just like what Sirimavo said ` we will import rice even from the moon `

    Import, handling and storage of LNG, alone is another large project perhaps bigger than than the power plant itself.

    Only in Silly Lanka, the politicians can get away with such irresponsible statements....just like Sirimavo did.

    Yes ..agreed. The cheapest source of energy would be to put all corrupted politicians and thuggs into the fire box of the boilers of the power plant....ha...ha.

  • 19 Aug 2008 04:28:22 GMT

    For the past 15 years of SLFP governments, not a single project has been completed. Foundation stones were laid and forgotten.

    The question one would have to ask is why did SLFp governments took 15 years to build a power station. UNP government completed massiave mahaweli within 7 years which SLfP would have taken 35 years to complete and built over 1million houses within 7 years. During 1970-77, only 300 housese were built.

    Clearly, UNP is well ahead in planning and development issues compared to lethergic/foolish SLFP.

  • 19 Aug 2008 06:22:12 GMT

    How are they saying this is a coal-powered plant when it is using furnace oil.

  • 19 Aug 2008 07:08:27 GMT

    In other countries, energy cost is connected with the price of Crude oil. In fact today the Crude price has gone down from $ 147 to below $ 117/Barrel. In this country the price will never go down because the massive losses else where have to be recovered.

    Mihinair alone owes the CPC more than $ 500 Million. When reputed international airlines went almost out of business, the Silly Lanka leader went to compete with them by renting 20 year old obsolete aircrafts. That is the Chintanaya. Only the Silly Lankans can be fooled.... This is a clear case of abuse of public funds.....it is criminal.

  • 19 Aug 2008 07:39:56 GMT

    Ohhh realy

  • 19 Aug 2008 08:30:24 GMT

    Raigama,

    As far as i Know this is a private sector funded project which will done on a BOT basis & will be handed to the SL government after 25 years of operation.

    A common misconception about projects is that the period under which

    the CONSTRUCTION Phase is completed claim the ownership of the project.However there are many important phases prior to it.

    CEB website says the following where the tendering phase began.

    http://www.ceb.lk/Tender/kerawalapitiya/Pre-Qul%20Short%20list2.pdf

    The initial planning must have begun even before that.

  • 19 Aug 2008 09:23:35 GMT

    Average useful life of such a plant is about 15 years. During this period, according to international banks`, including the World Bank, IRR analysis, the entire installed cost of the project should be recovered within about 10 years max.

    After 25 years, the plant should be near junk. Of course, the private investors would sell the plant to the GOSL after 25 years and make a big kill. Such is possible in Silly Lanka.

    If the initial planning was done many years ago, the NPV of the project cost should have been very much less therefore the project must be at a loss even right now. But being a monopoly, the project cost can always be recovered simply by increasing the cost to the clients.

  • 19 Aug 2008 11:18:29 GMT

    Withane is right.

    This project should have been completed within 2 years from planning to commssioning. For example, it did not make economic sense to complete Mahaweli in 35 years. That is why UNP decided to completed in 3 to 5 years.

  • 19 Aug 2008 11:38:08 GMT