NTPC mulls exit from Sri Lanka venture
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On January 7, the CEB chief had written to Roy Choudhury saying that certain changes need to be incorporated in the existing PPA including downward revision of operations and maintenance cost of the proposed power plant to Rs 20.5 lakh per MW each year from the currently Rs 38.92 lakh. NTPC has protested saying the estimate on this cost is based on its similar sized plants in India and the CEB had been apprised of the same in advance.
Abeywickreme has also demanded that the current returns on investment should also be down scaled to 12 per cent return on equity as against 18 per cent post tax return on the equity base. "This is non-negotiable as the RoI was agreed the government of Sri Lanka and the CEB in 2006 and is very fundamental to NTPC's investment decision," the power ministry official said.
'No relocation of North Karanpura project'
The Cabinet Committee on Investment (CCI) on Wednesday decided against relocating power producer NTPC's proposed 1,980-MW super-critical thermal project at North Karanpura coalfields in Jharkhand. The CCI rejected the coal ministry's contention that allowing NTPC to proceed with its power project at Tandwa in Jharkhand's Chatra district would render over 6 billion tonnes of coal reserves sterile. It also directed restoration of the coal linkage for the project.
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