Reply To:
Name - Reply Comment
Last Updated : 2024-04-26 22:10:00
Lakdhanavi Ltd, a local power company, objects to fresh moves by the Power and Energy Ministry to award the contract to a Chinese company for the execution of 300-megawatt LNG power plant in Kerawalapitiya despite it being a higher bidder, it is learnt.
According to sources, the cabinet paper is to be presented today. Earlier, the company objected to the same decision taken by the previous Cabinet that was in operation prior to the political change that took place on October 26, 2018. It said the country would have lost Rs.50 billion if the contract were awarded to a higher bidder.
It said the same attempt had been revived after the appointment of the new Cabinet. Lakdhanavi LTD has reportedly written to Power and Energy Minister Ravi Karunanayake in this regard. The company has brought to his notice that Technical Evaluation Committee (TEC) and Standing Cabinet Appointed Negotiation Committee (SCAPC) recommended it to be awarded to it as the lowest bidder.
The company says the country will lose Rs.90 billion if the contract is given to this company today as the rupee value has further depreciated to Rs.180 today.
Referring to a move to award another project to Lakdhanavi, the company says that it does not want any such project being offered to it outside the due procedure.
The tariff of the Chinese consortium, at today’s exchange rate will be close to Rs.17 while Lakdhanavi’s will be Rs. 15.50.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
5 hours ago
7 hours ago