The Ace Horana Power Station was a thermal power station in

Horana Horana ( si, හොරණ, , ta, ஹொரணை) is a town in Kalutara District, in the Western Province of Sri Lanka. It is on the A8 highway between Panadura and Ratnapura, away from Ratnapura and away from Panadura. Horana is connected wi ...

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

. The plant operated from 2002-2012 similar to that of the Ace Matara Power Station, and utilized four generating units. The plant was decommissioned in 2012 after its 10-year

PPA PPA may refer to: Biomedical * ''Palpatio per anum'', Latin medical term for a rectal examination * Parahippocampal place area located within the parahippocampal gyrus * Phenylpropanolamine * Primary progressive aphasia Organizations * Pakistan ...

expired. The power station was originally planned to be built in Anuradhapura, but was later changed to Horana due to environmental and religious protests. Constructed over a period of 3 years, the plant cost a total of and via

syndicated loans A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. The syndicated loan market is the dominant way for larg ...

. Participants in the debt component were HNB (US$ 5.00 m), Commercial Bank (US$ 2.00 m), People's Bank (US$ 1.50 m), Bank of Ceylon (US$ 1.25 m),

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tri ...

(US$ 1.25 m),

Pan Asia Bank Pan Asia Banking Corporation is a public limited company incorporated in Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerl ...

(US$ 0.50 m), and DFCC Bank (Rs. 178 million). The project was developed by

Aitken Spence Aitken Spence PLC ( si, එයිට්කින් ස්පෙන්ස්; ta, எய்ட்கின் ஸ்பென்ஸ்) is a Sri Lankan blue chip conglomerate with operations in South Asia, the Middle East, Africa and the Pacif ...

(51%), CDC Group (29%), Wärtsilä (10%) and Banaras House India (10%).

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* Oil-fired power stations in Sri Lanka Buildings and structures in Horana Former power stations in Sri Lanka {{SriLanka-struct-stub

See also

References

External links