Cabinet nod to build new refinery in Sapugaskanda

25 May 2021 08:45 pm - 10 - {{hitsCtrl.values.hits}}

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The cabinet has given the green light to Energy Minister Udaya Gammanpila to construct a new Oil refinery with the capacity of 100,000 BPD (Barrels Per Day) at Sapugaskanda and also to renovate the existing refinery to raise its daily capacity to 45,000 BPD from the current 38,000, Minister Gammanpila said.

The total cost for the two projects is estimated to Rs. 600 billion.

He told the weekly cabinet news briefing today that the construction of a new refinery, one of the largest investment projects ever undertaken by the country will be implemented as a BOOT (Build, Own, Operate and Transfer) project and the Ceylon Petroleum Corporation Act of 1961 will be amended to facilitate it.

“The feasibility study on the development project is expected in a few months and the government expects to call open global tenders for the construction of the new refinery before the end of the year,” Minister Gammanpila said.(Sandun A Jayasekara)

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Comments - 10

Mahila Wednesday, 26 May 2021 03:34 AM

Johnston Fernando is absolutely right. The government has money to do all this and the vaccines. No donations are required. Donation request was a false alarm. This is good news. SL doing well.

Bandara Wednesday, 26 May 2021 05:19 AM

Ranil Wickramasinghe were criticised when he try to lease the Trinco old oil tanks and get some benifit to the country and maintain those tanks. But we can remember this what the previous opposition said.

Upul Biyagamage Wednesday, 26 May 2021 06:03 AM

Go China!

Era Wednesday, 26 May 2021 06:08 AM

Do we need this ? When we are shifting towards renewable energy, the requirement for fossil fuels will decline day by day. If you spend this Rs. 600 billion on solar, wind and hydro power it will be a good investment.

ajith66 Wednesday, 26 May 2021 06:30 AM

Why waste money on building a new oil refinery, all car manufacturers will not manufacture fossil fuel cars after 2030 and Sri Lanka will not use after 2040. BIG commission deal ?

adwani Wednesday, 26 May 2021 06:52 AM

No vehicles are imported, do we still need another oil refinery, even suppliers are not willing to give oil on credit, China will build oil refinery and like a huge stadium it will remain empty.

ravin Wednesday, 26 May 2021 08:46 AM

Big omissions (c) aha !! .What happened to the refinery proposal at hambanthota? Doesn't it much environmentally/financially/economically much more friendly if built in hambantota ?

kukula Wednesday, 26 May 2021 09:16 AM

Ravi There's is always an opportunity to build another refinery in Hambantota at 1200 Billion in five years.

Samson Wednesday, 26 May 2021 09:14 AM

Not the time to borrow even as BOOT when the country need money to survive.

Sambo Wednesday, 26 May 2021 09:48 AM

The politicians in the parliament are nodding and the public are suffering.

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Cabinet nod to build new refinery in Sapugaskanda

Comments - 10

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