Cabinet nod for 300MW plant in Puttalam

• Says investment needed to avoid power crisis
• $ 100 m from Indian Credit Line for solar power for state institutions

Cabinet has granted approval to build a 300 MW power plant in Puttalam, Cabinet Spokesman Bandula Gunawardana said yesterday.

The Chairman of the Ceylon Electricity board (CEB) was authorised by Cabinet to enter into the necessary agreements to set up the plant, he said.

Gunawardena said that during the five years of Yahapalanaya rule, no investments were made in any major power plants, and the country could face a power crisis with no additions to the national gird.

Cabinet nod...

Meanwhile $ 100 million under the Indian Credit Line will be utilised to provide solar power to State institutions such as hospitals, schools, universities, military camps, and such government buildings, he said.