Sri Lanka IPP puts 48MW of expired power plants on sale

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

July 08, 2013 (LBO) – Sri Lanka’s Aitken Spence Power, a unit of Sri Lanka’s Aitken Spence group has put two 24 MegaWatt plants for which power purchase agreements have expired for sale. Aitken Spence in a web notice said it invited offers for the plants, each of which had four Wartsila Vaasa Engines running on heavy fuel oil.

The plants were on a 10-year PPA with state-run Ceylon Electricity Board.

There were some expectations that they would get a temporary extension if 2013 was a dry year but sector experts had said they are unlikely to be needed after a second 300 MW coal power plant comes on stream later in the year.

Wartsila Vaasa engines are also used to power ships.