ECONOMYNEXT – Hatton National Bank said it is lead arranging a syndicated loan to build a 350 Mega Watt combined cycle power plant by Sri Lanka’s LTL Holdings group.
Commercial Bank of Ceylon PLC, National Development Bank PLC, Sampath Bank PLC and People’s Bank is joining to co-finance the power plant.
The plant will be build and operated by Sobadhanavi Ltd, a subsidiary of LTL linked Lakdhanavi Ltd.
The gas turbine section of the plant is expected to be commissioned by April 2023 and the full combined cycle plant by April 2024.