Laugfs Gas gets assurance over H’tota port gas pipeline construction continuity

2018-01-12 10:02:14

Laugfs Gas PLC yesterday expressed confidence in the construction of the pipeline connecting its flagship LP gas terminal to the jetty in Hambantota Port continuing, following intervention from the Board of Investment and the Development Strategies and International Trade Ministry.

“Currently LTL has been assured by the BOI and relevant Ministry concerned, that this matter will be resolved shortly through their intervention,” Laugfs said in filing to the trading floor of the Colombo Stock Exchange.

The company’s subsidiary Laugfs Terminals Limited (LTL) is constructing a US$ 80 million LPG terminal in Hambantota, and the construction on the access pipeline was halted unofficially by the Sri Lanka Ports Authority.

Laugfs said that it also had discussions with China Merchant Port Holdings, which has effective control of the port for 99 years.

“LTL is confident that this particular issue will not have any detrimental effect on the subject project, and that the project will be completed as targeted,” Laugfs said.

The first phase of the project is set to become operational on April 1, 2018 and is to contribute greatly to Sri Lanka’s exports. 


Laugfs, Sanken get coal yard wind barrier deal

ECONOMYNEXT: Sri Lanka’s Laugfs Engineering (Pvt) Ltd. and Sanken Construction have won a contract to build a wind barrier around a coal and ash yard at the island biggest power plant, a government spokesman said. 

The present wind barrier at the 900MW Lakvijaya Power plant on the coast of northwestern Puttalam is not enough to prevent coal dust and ash polluting neighbouring homes during windy conditions, he said. The coal dust and fly ash had been causing difficulties for residents living close to the plant.

 The Cabinet of Ministers this week approved a proposal by Power and Renewable Energy Minister Ranjith Siyambalapitiya to improve the wind barrier and provide better protection for the coal and ash yard by awarding the Rs.723.7 million contract to the two firms.

  Comments - 0

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.
Name is required

Email is required
Comment cannot be empty

DFCC Bank awarded at Germany’s Karlsruhe Sustainable Finance Awards

Thursday, 19 July 2018 15:30

Recognizing and rewarding DFCC Bank’s success in financing Micro, Small and Medium Enterprises

Nivasie Malabe trends as the ideal investment with LRT underway

Thursday, 19 July 2018 15:16

Malabe is presently experiencing a surge in demand with the suburb investing heavily in information

Oman Air resumes its service to the Maldives this October

Thursday, 19 July 2018 10:05

Oman Air, the national carrier of the Sultanate of Oman, will resume its service between Muscat and

More News