Sri Lanka commissions new hydro power project
Colombo: Sri Lankan President Mahinda Rajapaksa on Saturday unveiled a 150-MW hydropower station, funded by the Japan Bank.
The Upper Kotmale hydropower station in the central hill country, which got underway in 2006, was funded by the Japan Bank for International Cooperartion with 38 billion Japanese Yen (approximately Rs 50.4 billion).
The project will add 150-MW of power to the national grid.
The state power entity Ceylon Electricity Board (CEB) has also invested Rs 8 billion in the project.
The country`s dependency on costly thermal power to supplement hydro power pushed the cost of power generation up forcing the government to subsidise tariff.
This has caused the CEB to suffer massive operational losses.
More from India
More from World
More from Sports
More from Entertaiment
- Over 60 cadets killed in Pakistan police academy attack
- DNA: Terrorists' new strategy of snatching weapons from Indian security personnel
- Watch: PM Narendra Modi's ''progressive'' remark on triple talaq
- Panel discussion over delayed development in Ayodhya
- Don't give any importance to Ramgopal Yadav's remarks: Mulayam Singh Yadav
- Explosion in Delhi's Naya Bazar, one killed; anti-terror wing, Special cell at spot
- WATCH: Akhilesh Yadav's emotional speech revealing the real reason behind Samajwadi Party crisis; he was about to cry
- India vs New Zealand: Awestruck Kiwis witness MS Dhoni driving his Hummer in Ranchi, and photo goes viral
- Lashkar-e-Toiba claims responsibility for Uri attack in posters pasted in Pakistan town
- Naya Bazar explosion: Home Ministry seeks report from Delhi Police; one dead, 5 injured