Sri Lanka, India sign joint venture agreement for solar power plant in Sampur

The Ceylon Electricity Board (CEB) of Sri Lanka and the National Thermal Power Corporation Limited (NTPC) of India on Friday signed an agreement for a joint venture to develop a 100 MW solar power plant in Sampur.

High Commissioner of India to Sri Lanka, Gopal Baglay attended the inking of the Joint Venture & Shareholders’ Agreement (JVSHA) for the Trincomalee Power Company Limited (TPCL) – a joint venture between NTPC Limited and the CEB for the development of Sampur solar power plant.

It may be recalled that during the visit of Finance Minister Basil Rajapaksa to India last year, both sides had resolved to enhance investments from India in various sectors in Sri Lanka that would contribute to growth and expand employment, the High Commission of India in Colombo said in a statement.

Our cooperation with Sri Lanka in this domain will only become stronger with the implementation of the US$ 100 million Line of Credit offered by India to Sri Lanka for development of solar power projects in Sri Lanka.