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China plans 1000MW LNG power plant in Sri Lanka: report

ECONOMYNEXT – China is planning a 500MegaWatt liquefied natural gas power plant in Hambantota in Southern Sri Lanka, which can be expanded to 1000MW, a media report said.

Sri Lanka’s Sunday Times newspaper said China Mechanical and Engineering Company, which designed-built a coal power complex in Sri Lanka is involved in the LNG plant.

Sri Lanka is a ‘Silk Road Station’ on China’s One Belt One Road initiative which mimic an ancient silk road stretching from Europe to Asia. The OBOR also includes the Americas.

Sri Lanka’s political leadership has recently announced plans to scrap coal plants which are in advanced stages of planning in favour of green field LNG plants, which have triggered warnings from idustry analysts of renewed power shortages.

Engineers at the state-run Ceylon Electricity Board has also warned against scrapping coal plants and said LNG generators should not be built by scuttling plants about to be built.

LNG prices have been unusually low since amid the discovery of new technology to resources in US and elsewhere, but there are signs that prices are moving up with new power plants and users growing and production also slowing with low prices. (Colombo/July18/2016)

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