Norochcholai coal plant to be transferred to Chinese company

14 February 2013 01:00 am - 70     - {{hitsCtrl.values.hits}}

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Discussions are underway to transfer the Norochcholai coal power plant to the Chinese company in lieu of the massive US $ 1350 million loan obtained from that country to construct the project, informed sources said yesterday.

The project was carried out by China’s C.M.C.R. Company and according to sources the Ceylon Electricity Board had put forward two alternatives to cover up the rising electricity generation cost- to increase energy prices or to transfer the coal project to the Chinese company- instead of settling the loan. It is learnt that the government is seriously considering the second option as a way of the present financial crisis.

The total capacity of the coal project is 900 megawatts with 300 megawatts being generated in the initial phase annually while the rest would come under the second phase of the project. Work on the project started in 2007. (Ranjan Kasturi)
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  Comments - 70

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  • kandy boy Thursday, 14 February 2013 11:19 AM

    VERY SOON dogs and snake Fast food company in COLOMBO

    Lucky Weeramantry Thursday, 14 February 2013 07:38 AM

    Better Make Chinese Our Nationality.

    Lal Thursday, 14 February 2013 11:40 AM

    This is only a hoodwinking effort! This will never be transferred ,but from now onwards you should expect more breakdown and more deliberate stoppages

    Dalu banda Thursday, 14 February 2013 07:38 AM

    double commission ?

    Fox 077 Thursday, 14 February 2013 07:35 AM

    For what ? Mind you, China is our best friend, not anybody, we got over dozen billions of US$ during last 10 years.

    Lucky Weeramantry Thursday, 14 February 2013 07:40 AM

    We Enjoying The Chinese Year Of The Dog.

    Fox 077 Thursday, 14 February 2013 07:38 AM

    Anti Diaspora Terrorist campaign.

    Lucky Weeramantry Thursday, 14 February 2013 07:42 AM

    From Now On Always Breakdown

    awkward Thursday, 14 February 2013 12:00 AM

    very soon we'll have 4 national languages including Chinese via DM Android App

    mike Thursday, 14 February 2013 11:55 AM

    I think the country already wasted, why all these people, din't love their country..

    knalpot Friday, 15 February 2013 04:28 AM

    Only breakdown from CEB who operate plant

    Antony Thursday, 14 February 2013 10:23 PM

    India is Watching. By hook or crook China has come very very
    Close to India.I VISITED this joint, observed more than 1000 Chinese. THEY.have a seperate Police- etc.
    So I AM sure March Geneva We are going to see India and America Joining.-Anto.

    saranga Friday, 15 February 2013 04:38 AM

    I think we should be happy as this could be regarded as FDI in which sri lanka is severely lacking, so please do not criticize

    ANU Friday, 15 February 2013 04:59 AM

    Nurai Cholai is the correct name.

    chezh Friday, 15 February 2013 05:00 AM

    soon all srilankans have to fight for freedom of.....................

    selva Friday, 15 February 2013 12:10 AM

    Very soon Chinese language will become compulsory and start now to study.

    Kodithuwakkuarachchi Thursday, 14 February 2013 05:18 AM

    Sri Lanka is will a province of China in a very short time.

    game over Friday, 15 February 2013 12:17 AM

    At one point country will be sold to one country or many countries thanks to foresight of the regime. In that context China is better than India. But parts of prime lands been already sold to various companies thanks to 20% commission.

    සරත් Thursday, 14 February 2013 05:25 AM

    Apparently the whole country

    Patnall Friday, 15 February 2013 12:50 AM

    This is only the start. Sri Lanka has lost its independence for the loans borrowed from China. What are we going to transfer to the IMF?

    Roadrunner Friday, 15 February 2013 12:55 AM

    Hand over parliment also

    PJ Roy Friday, 15 February 2013 12:59 AM

    Have they accepted this plant? If they have any brains, they will not take it on. Its a old plant, not reconditioned to standard only painted. The Chineses are not fools
    This was a commission that couldnt be refused. Forget the generation side of it.

    Johann Gunasekara Friday, 15 February 2013 01:13 AM

    It was half transferred to the LTTE before May 2009

    Lankan origin Thursday, 14 February 2013 12:00 AM

    at this rate.. the entire country will be renamed as 'Sri Lankan Republic of China'. via DM Android App

    kiwi Friday, 15 February 2013 01:37 AM

    Economy is doing well, no more need to get loans from the IMF!!!!

    Basith Thursday, 14 February 2013 12:00 AM

    LOL! 1 day sell them the whole country as well to fill your banks!! via DM Android App

    Sal Thursday, 14 February 2013 12:00 AM

    Yes do sell everything to the chinese and indians. The future generation is going to curse all these acts via DM Android App

    jayasingha Thursday, 14 February 2013 05:58 AM

    Better than British, European and American colonialism. This is the new world order.

    dIREsTRAITS Thursday, 14 February 2013 02:18 AM

    Ok more holidays when we start celebrating Chinese new year too :D

    Shiffy Thursday, 14 February 2013 06:03 AM

    In 2030: Sri lanka was sold to China in lieu to massive loan of $1billion!

    ss Thursday, 14 February 2013 02:34 AM

    We gave rubber at half the market price to our colonial masters during Korean war

    Sareek Thursday, 14 February 2013 02:33 AM

    More to come hambatota habour and mattala airport.

    raviraj Friday, 15 February 2013 06:33 AM

    you will be, when you have to pay the bills

    MountainLion Thursday, 14 February 2013 02:40 AM

    Grease, here we come.

    moin Thursday, 14 February 2013 12:00 AM

    what happened to the statement : wr havr enough foreign reserves and we dont want IMF Loans? via DM Android App

    Saradial Thursday, 14 February 2013 09:28 AM

    Well I want to know whether Norochcholai coal plant is live or already died?

    raviraj Friday, 15 February 2013 06:35 AM

    polpot you are wrong, the BMICH was not built using local labour. It was built by Chinese labour

    Pol Pot Thursday, 14 February 2013 02:50 AM

    The New Colonialism? Why did we celebrate Independence a few days ago?

    Mohamed Thursday, 14 February 2013 02:52 AM

    This how chinese invade countries...they do the same thing to Australia as well.

    Criclover Thursday, 14 February 2013 02:53 AM

    Then we will buy electricity from china...
    This is what they (China) expected by granting loans...

    perumal Thursday, 14 February 2013 02:55 AM

    How many more projects are we going to transfer to them in this manner?

    Rohan1 Thursday, 14 February 2013 09:52 AM

    Can we have a few lines of National Anthem in Sinhala and Tamil, or the whole thing would be in Mandarin?

    Nihal Jayaweera Thursday, 14 February 2013 03:00 AM

    They get the plant we get the pollution- good governance!

    raviraj Friday, 15 February 2013 06:50 AM

    patriotic Bodu Bala Sena has no problem with these issues, neither do we hear the modawansa talking any conspiracy theories

    onlooker Thursday, 14 February 2013 03:02 AM

    This will be followed up by Hambantota Port and the Hambantota Airport. After satisfying the Indians & Chinese will there be anything left for Sri Lankans

    Araliya Thursday, 14 February 2013 03:00 AM

    the previous minister objected to this and it is the reason for the recent change of ministers. Actually, this is old news as the full story was published two weeks back. Don't know what the "patriots" have to say about selling national assets to foreigners.

    Pol Pot Thursday, 14 February 2013 06:33 AM

    There was a time, just after the first JVP Insurrection, when China gifted Sri Lanka a Cotton Mill in the North Central province. The Chinese engineers who were supervising the project were so impressed with our Baas Unnehes that they wanted to take them over to China to teach their people. What has happened to the expertise that we then had in this country. Even the BMICH was financed by China, but built by Sri Lankan expertise a labour. Why have things changed so much since then. Is it because Politicians in their ignorance have taken matters into their own hands, and left Engineers and Planners in the lurch? Why are the educated technical people even of the Majority Community, leaving the country. MR should look into this problem, before it is too late, and Sri Lanka like Tibet becomes another Colonial outpost of China.

    Antony Thursday, 14 February 2013 03:02 AM

    Why not transfer the country to Chinese than in installments.

    POOR citizen Thursday, 14 February 2013 06:34 AM

    i am going to learn chinese. that is the future language for us.

    Ace Thursday, 14 February 2013 12:00 AM

    Please tell me, will we have to pay our electricity bills in $ or ¥? Also, from when must we learn to speak Mandarin? via DM iPad app

    Neo patriot Thursday, 14 February 2013 10:25 AM

    we are not bothered as long as it is not UK USA

    Dhammika Perera Thursday, 14 February 2013 06:50 AM

    Chinese credit, chinese machines, chinese trains, chinese vehicles, chinese prostitutes, chinese criminals, chinese policies etc; etc;, We ask neigbour India out and welcome china jeopardizing our future and india's stability too.

    ind Thursday, 14 February 2013 10:35 AM

    Isn't it better rather than to India ??

    Dont Know what Thursday, 14 February 2013 06:52 AM

    China gave us Rice at concessionary price to feed the masses free (2 measures/2 Kilos) per week per adult under the rubber - rice pact by Sir John during the Korean War. Why cant we sell them rubber now in exchange?

    ind Thursday, 14 February 2013 10:36 AM

    Sinhalese for Tamil ealam ??

    Lucky Thursday, 14 February 2013 07:01 AM

    Its better to be governed by the Chinese than by the present set!. See how China has become a world power!!

    Yuri Thursday, 14 February 2013 07:03 AM

    One day All People will fight for Tamil Eelam incl Singhala and Muslim, the rest goes to China

    Fazli Thursday, 14 February 2013 07:02 AM

    I think we should start issuing NIC to Chinese. And who knows we may have already started one. Also take a list of other national assets such as Mahaweli and negotiate with Chinese again but this time some attractive easy payment scheme. Disgusting Affairs !

    deva Thursday, 14 February 2013 10:41 AM

    A correction. BMICH construction was done entirely by Chinese on a Chinese grant with all workforce including engineers and labour from China in the early 70s.

    edward Thursday, 14 February 2013 07:12 AM

    now we are a Chinese colonial

    Dhammika Thursday, 14 February 2013 10:54 AM

    Hand over the whole country.This isbound to happen the way we borrow from them.

    Herculese Thursday, 14 February 2013 07:21 AM

    Is that the last part of the agreement. Is it same with Habantota habour and Mattala Air Port !

    GC Thursday, 14 February 2013 07:22 AM

    Do you like to live in China or any of the countries you mentioned?

    GC Thursday, 14 February 2013 07:22 AM

    and the Cabinet of Ministers?

    HKSnil Thursday, 14 February 2013 11:00 AM

    WE SUSPECTED.....WE EXPECTED...!!!

    GC Thursday, 14 February 2013 07:24 AM

    They get the interest on the loan and also the income on the power generated.

    D Thursday, 14 February 2013 12:00 AM

    With the 1st hand real experience of 300mw failure, do we really have to take more loans to continue the other 600mw? and hand in the plant to Chinese and pollute the country with fly ash. Abolish coal power in Sri Lanka. This is the worst source of power in the world. via DM Android App

    niroshana Thursday, 14 February 2013 11:22 AM

    always it has been shut downed since it opened better let them have it instead of paying lots of money to repair massive loan as well


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