NTPC ties up with Sri Lankan firm

The National Thermal Power Corp Ltd (NTPC) said it signed a pact with Sri Lanka's Ceylon Electricity Board (CEB) to set up a 500 MW coal-based power station at Sampur in Trincomalee.

The National Thermal Power Corp Ltd (NTPC) said it signed a pact with Sri Lanka's Ceylon Electricity Board (CEB) to set up a 500 MW coal-based power station at Sampur in Trincomalee.

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The agreement was signed in Colombo, said NTPC in a regulatory filing. Trincomalee lies in Sri Lanka's east.

"A joint venture company would be incorporated in Sri Lanka, with equal equity contributions by NTPC and CEB," it added.