OrionHunter
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External affairs minister Salman Khurshid will sign the deal for Indias first big power project at Sampur, Sri Lanka, on Monday, making it one of the biggest strategic investments in a foreign country.
Not only is this joint venture between NTPC and Ceylon Electricity Board the largest ever, India is planning to significantly better Chinas massive Norachcholai power project in Sri Lanka.
The first phase of the Chinese Norachcholai power project was supposed to add 900 mw power to Sri Lankas power grid. Chinas Exim Bank gave $455 million in buyers credit and preferential buyers credit for the first phase and $891 million for the second.
Since it was commissioned in March 2011, Chinas massive Norachcholai power project in Sri Lanka has functioned at an average of barely one-fourth capacity, plagued by allegations of substandard equipment.
The cost of the project turned out to be high, at $1.5 million per mw (at 2006 prices). Compare that with NTPCs project at Sampur, which, Indian officials reckon, at $1 million per mw is a veritable steal.
:: E-paper ::
Good going India!
First Bangladesh and now Sri Lanka.
Unfortunately where the Chinese are concerned, they must stop dishing out third rate stuff. From locomotives to Pakistan to power projects in Sri Lanka, Chinese substandard equipment and exorbitant prices are getting everyone's goat!
Not only is this joint venture between NTPC and Ceylon Electricity Board the largest ever, India is planning to significantly better Chinas massive Norachcholai power project in Sri Lanka.
The first phase of the Chinese Norachcholai power project was supposed to add 900 mw power to Sri Lankas power grid. Chinas Exim Bank gave $455 million in buyers credit and preferential buyers credit for the first phase and $891 million for the second.
Since it was commissioned in March 2011, Chinas massive Norachcholai power project in Sri Lanka has functioned at an average of barely one-fourth capacity, plagued by allegations of substandard equipment.
The cost of the project turned out to be high, at $1.5 million per mw (at 2006 prices). Compare that with NTPCs project at Sampur, which, Indian officials reckon, at $1 million per mw is a veritable steal.
:: E-paper ::
Good going India!
First Bangladesh and now Sri Lanka. Unfortunately where the Chinese are concerned, they must stop dishing out third rate stuff. From locomotives to Pakistan to power projects in Sri Lanka, Chinese substandard equipment and exorbitant prices are getting everyone's goat!
long live India-SL friendship... 
