NTPC to set up power plant in Sri Lanka

State-run National Thermal Power Corporation on Monday said it plans to set up a 900 MW coal- or LNG-based power plant in Sri Lanka.

NTPC will submit a proposal to the Sri Lankan government to set up the project either on build, own, operate or on build, own, operate and transfer basis, the power major informed the Bombay Stock Exchange.

The public sector generation monolith will also set up a joint venture company with Bihar State Electricity Board to operate the 220 MW Muzzaffarpur Thermal Power Station.

The power major will sign an MoU with Bihar government and BSEB for transfer of the 2 X 110 MW plant at Kanti in Muzaffarpur to the new joint venture company.

The company has a total installed generation capacity of 23,435 MW and plans to become a 40,000 MW company by the end of the 11th Plan period.

NTPC plans to add 9,160 MW generation capacity during the 10th Plan period and 17,333 MW in the 11th Plan.