National Thermal Power Corporation (NTPC) is planning to build a 500 MW Thermal Power Project in Sri Lanka in association with the Ceylon Electricity Board (CEB).
For the development of the proposed project, NTPC and CEB have created a joint venture company, Trincomalee Power Corporation Ltd (TPCL), with 50:50 equity participation from both the companies.
This will be the first overseas project of NTPC, which is being constructed at Sampur in the eastern district of Trincomalee.
Entire power produced from the project will be purchased by CEB under a Power Purchase Agreement to be signed between TPCL, CEB and the Sri Lankan Government.
The project is estimated to cost about USD 500 million. The plant would use imported coal and consists of a transmission line to be built from Trincomalee to Madurai in Tamil Nadu.
More literature on this...
http://www.topnews.in/ntpc-make-first-overseas-plant-sri-lanka-2382438
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