HNB arranger/lead banker to finance LNG based Combined Cycle Power Plant
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From left – Ms. Thushari Ranaweera - Deputy General Manager-Legal / Company Secretary, HNB; Ravindra Pitigalage – Deputy Chief Executive Officer, Lakdhanavi Ltd; B.A.H.S. Preena - Assistant General Manager- Corporate & Trade, Commercial Bank; M.J. M. Nuhuman Marikkar – Chief Executive Officer, Lakdhanavi Ltd; Upali Jayawardana – Chairman, Lakdhanavi Ltd; Damith Pallewatte – Deputy General Manager-Wholesale Banking Group, HNB; Sanath Bandaranayake – Director, Sobadhanavi Ltd; Manoj Akmeemana - Senior Deputy General Manager- FCBU/ Corporate Finance, Sampath Bank; N.Y. Casie Chetty – Director, Sobadhanavi Ltd; Ms. Ishani Palliyaguru – Vice President- Project Finance & Corporate Credit Control, NDB and Ms. Kumari Senaratne – Deputy General Manager- Corporate Banking -Peoples Bank.
Hatton National Bank PLC (HNB) has partnered with Lakdhanavi Ltd (a member of LTL Holdings Group) to serve as the Arranger / Lead Banker to a syndicated loan facility together with several other commercial banks for the development of the 350 Mega Watt (MW) first ever Liquefied Natural Gas (LNG) based Combined Cycle power plant in Kerawalapitiya.
HNB, in media release, said it as the Arranger of the Syndicated Loan and Lead Banking Partner together with Commercial Bank of Ceylon PLC, National Development Bank PLC, Sampath Bank PLC and People’s Bank signed off Loan Agreements to finance the setting up of Sobadhanavi Ltd’s LNG based Combined Cycle power plant, the first of its kind in Sri Lanka. Sobadhanavi Ltd, a subsidiary of Lakdhanavi Ltd has scheduled the commissioning of the 350 Mega Watt (MW) facility in two phases where Open Cycle operation will be commissioned by April 2023 whilst the Combined Cycle operation will be commissioned by April 2024.