17 September 2020 01:42 pm
The Government had approved the construction of 300 megawatt (MW) Liquefied Natural Gas (LNG) Power Plant in Kerawalapitiya as a solution to the power crisis that may arise in the country in the future, Co-Cabinet Spokesman Ramesh Pathirana said.
Addressing the media during the weekly cabinet briefing today he said it had been identified that, it was appropriate to build and operate such power plants using Built Own Operate Transfer (B00T) business model as an independent energy project through private investment.
Accordingly, the Cabinet of Ministers approved the proposal made by the Minister of Power to select an investor following the international competitive bidding process and to complete the project within three years.