Despite claims, by energy sector experts, that Sri Lanka would lose between Rs. 10 billion and Rs. 14 billion annually, the government will go ahead with the controversial Power Purchase Agreement (PPA) of the 500 MW Coal Power Station in Sampur, Trincomalee.
Senior Ceylon Electricity Board (CEB) engineers told The Island yesterday that a unit of electricity produced at Sampur would cost Rs. 18.00 as against Rs. 13.00 from the first coal powered plant at Norochcholai.
"Even Rs. 13.00 at Lak Wijeya in Norochcholai is high but if we could stick to that amount it would be better for the country in rupee terms," a senior official said.
He said that the country did not need to rush for a plant of this nature because already plans were underway to set up the second and third plants at Norochcholai. In other words, within the course of next year, the country would have an additional 600 MW.