Lanka Coal Company (Private)Limited was incorporated under the companies act, No 07 of 2007 consequent to a decision of Cabinet Ministers to procure and supply coal for coal fired thermal plants of Sri Lanka.
As its first step Lanka Coal Company ( Private) Limited began supplying of coal to Lakvijaya Power Plant and from the initial experience gained, LCC has successfully delivered nearly 2,000,000 metric tons of coal in 30 shipments as at October 2013. Our foundation is built upon three key pillars: safety, environmental stewardship and shareholder value and we are duty bound to up hold these values at all times. |
shareholding |
The present shareholders of the company and their contributions to paid- up capital is as follows: |
Our vision | ||||||||||||||||||||||
To create superior customer and shareholder value as the safest, lowest cost and the most environmentally responsible supplier of coal-based energy in Sri Lanka. | ||||||||||||||||||||||
Our mission | ||||||||||||||||||||||
Lanka Coal Company (Private) Limited is dedicated to being a market-driven global leader in the coal industry and to create superior long-term shareholder value. In pursuit of these objectives, we will: | ||||||||||||||||||||||
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functions | ||||||||||||||||||||||
The main functions performed by the company include: | ||||||||||||||||||||||
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Lakvijaya Power Plant is a 900 megawatt coal-fired power station in the Puttalam District of the Northwestern Province in Sri Lanka. It would be Sri Lanka's first coal power plant. The first phase of the plant is to inject 300 MW to the main grid which amounts to 17% of the national power requirement of the country. The second phase will injecting another 600MW. The Chinese government thorough the Export-Import Bank of China has provided US$ 455 million for the Lakvijaya plant. In August 2011, the Export-Import Bank of China offered an $891 million loan to build the second phase of 600 MW.]
On the basis that Lakvijaya Power Plant runs to its maximum capacity a quantity of 750,000 metric tons of coal is required for a 300 megawatt generator ( phase 1 ) and with the commissioning of other two generators ( phase 2 ) the total requirement of coal will be 2,250,000 metric tons per year.
Agreements are already signed between Lanka Coal Company (private ) Limited and Trincomalee power company limited (TPCL) for the supply of coal for the proposed coal power plant which is to be commissioned in the year 2017 in Sampur, Trincomalee. The average annual coal requirement for this plant is 1,600,000 metric tons per year