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NTPC mulls pulling out of proposed Sri Lankan power project

21 Feb 2013 Evaluate

Country’s largest power producer, NTPC is mulling to exit from its proposed 500 MW coal power project, which was expected to be built in the Eastern province of Sri Lanka, due to disagreement with the fresh set of proposals forwarded by its joint venture partner, the Ceylon Electricity Board (CEB).

Further, NTPC in a letter to CEB chief on January 15, citing substantial changes agreed on the initial Power Purchase Agreement (PPA) has clearly denied the latter’s fresh terms and conditions.

NTPC and CEB, back in 2011, inked an agreement, for jointly setting up a 500-MW power project at Trincomalee at a cost of over Rs 4,000 crore. However, the project is yet to start owing to persistent differences between the two firms.

NTPC Share Price

393.65 2.85 (0.73%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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