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Sri Lanka to seek coal plant loan from Japan

Sri Lanka’s Power and Energy Ministry’s Secretary MMC Ferdinando has said that his government is in discussions with Japan for a $600mn loan to fund a coal fuelled power plant in the south of the island.

"The cost is estimated at $600 million. This will be from a 40-year concessional loan. We have proposed a 600 MW capacity plant. But all will be decided after the feasibility study," the Secretary said.

A Japanese team is due to visit Sri Lanka to conduct a feasibility study.

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