{"id":28960,"date":"2022-03-12T14:23:22","date_gmt":"2022-03-12T08:53:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/lanka-india-solar-pact\/"},"modified":"2022-03-12T14:23:22","modified_gmt":"2022-03-12T08:53:22","slug":"lanka-india-solar-pact","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lanka-india-solar-pact\/","title":{"rendered":"India, Sri Lanka sign agreement to build solar power plant in island nation"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-488163937\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Colombo, Mar 12 (PTI) India and Sri Lanka have signed an agreement for developing a 100 megawatt solar power plant in the island nation&#8217;s eastern port district of Trincomalee, as part of the efforts to strengthen bilateral economic partnership, including through cooperation in the renewable energy sector.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1755543515\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The signing ceremony took place on Friday at the Ministry of Finance of Sri Lanka for the plant in the country\u2019s Eastern province.<\/p>\n<p> The Joint Venture and Shareholders\u2019 Agreement (JVSHA) for the Trincomalee Power Company Limited (TPCL) &#8212; a joint venture between National Thermal Power Corporation (NTPC) Limited from India and the Ceylon Electricity Board (CEB) for developing the 100 megawatt solar power plant at Sampur &#8212; has been signed, the Indian mission said in a statement.<\/p>\n<p> \u201cSigning of this JVSHA demonstrates yet again India\u2019s ability to respond to Sri Lanka\u2019s priorities in a comprehensive and mutually beneficial manner,\u201d it said.<\/p><div class=\"trade-content_5\" id=\"trade-1556394944\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> \u201cOur cooperation with Sri Lanka in this domain will only become stronger with the implementation of the USD 100 million Line of Credit offered by India to Sri Lanka for development of solar power projects.<\/p>\n<p> \u201cSimilarly, there is significant interest among the private sector on both sides for cooperation in renewable energy which is likely to increase in the coming years,\u201d the statement added.<\/p>\n<p> A 2013 agreement with NTPC to build a thermal power plant in Sampur was later abandoned.<\/p>\n<p> Sri Lanka is facing its all-time worst foreign exchange crisis after the pandemic hit the nation&#8217;s earnings from tourism and remittances. By December, the reserves position had plummeted to just one month&#8217;s imports or a little over USD 1 billion.<\/p>\n<p> In recent months, the public has experienced a shortage of many essentials due to the foreign exchange crisis. Import restrictions to save dollars have threatened cooking gas and fuel supplies in addition to the looming power cuts. PTI CORR CPS AKJ  CPS<\/p>\n<div class=\"trade-after-content\" id=\"trade-3859867863\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Colombo, Mar 12 (PTI) India and Sri Lanka have signed an agreement for developing a 100 megawatt solar power plant in the island nation&#8217;s eastern port district of Trincomalee, as part of the efforts to strengthen bilateral economic partnership, including through cooperation in the renewable energy sector. The signing ceremony took place on Friday at [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1795,31],"tags":[],"class_list":["post-28960","post","type-post","status-publish","format-standard","hentry","category-foreign-exchange-and-rupee-price","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India, Sri Lanka sign agreement to build solar power plant in island nation - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/lanka-india-solar-pact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India, Sri Lanka sign agreement to build solar power plant in island nation\" \/>\n<meta property=\"og:description\" content=\"Colombo, Mar 12 (PTI) India and Sri Lanka have signed an agreement for developing a 100 megawatt solar power plant in the island nation&#8217;s eastern port district of Trincomalee, as part of the efforts to strengthen bilateral economic partnership, including through cooperation in the renewable energy sector. 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