US Ambassador keen on conclusion of New Fortress’s energy deal in Sri Lanka

29 July 2021 04:17 pm - 12 - {{hitsCtrl.values.hits}}

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U.S. Ambassador Alaina B. Teplitz, who commented on the proposed investment by the U.S. based New Fortress Energy (New Fortress”) in Sri Lanka’s energy sector, said she would argue for it as a crucial project for Sri Lanka needing capacity improvement and new technology in the related field.

The company announced earlier that it signed a Framework Agreement with the Sri Lankan government to construct a new offshore liquefied natural gas (LNG) receiving, storage and regasification terminal (the “Terminal”). The Terminal will be located off the coast of Colombo to supply gas to the country’s power plants located in the Kerawalapitiya Power Complex.

Making her remarks during a round-table with a team of journalists yesterday, she said it was a private investment, and the company would bring its own money, not a loan, to be put on the ground in Sri Lanka.

The ambassador expressed optimism that it could be completely.

“We absolutely support having a fair, clear, consistent framework. We absolutely support ensuring that business deals are not made around corrupt practices. The importance of the investment is meeting the highest environmental, labour standards. That is something American companies bring to the table as well as innovation and good technology,” she said.

She added that training and education of the workforce were important.

The U.S. ambassador also emphasised the need for Sri Lanka to work out a programme with the International Monetary Fund (IMF) to revive the economy which, she said, is in crisis. She said no other alternate method would provide foundational requirements for the economy to regain health to grow at an accelerated pace. Therefore, she said an arrangement with the IMF would be the best solution.(Kelum Bandara)

Comments - 12

Lasith Thursday, 29 July 2021 05:04 PM

US Ambassador always keen to get a foothold in Lanka!

nadarajah Thursday, 29 July 2021 05:11 PM

thanks for the investment

PJS Thursday, 29 July 2021 06:13 PM

That is a welcome news. Our country needs investment from western countries as well.

Saranga W Thursday, 29 July 2021 06:31 PM

Investment should be welcomed and red carpet should be laid for the ambassador

Truth Thursday, 29 July 2021 06:36 PM

This shows how scared these white people are of a rising China.

M Fernando Thursday, 29 July 2021 07:56 PM

There is something fishy here if the Americans are so eager to "help us out"

Energy Boss Thursday, 29 July 2021 09:31 PM

Thank you. We are not in a hurry. We are planning to ban all kinds of energy and tap the sun as it will be free.

Gb Thursday, 29 July 2021 10:46 PM

They probly want to add some sort of surveillance systems while they are here, sl could become a warzone, need to be careful of what we allow to happen in sl, investing in sl is good depending on what they want/will take in return, theres always a catch

dickie bird Thursday, 29 July 2021 11:08 PM

Teplitz frolick in her previous postings failed in SL.

SL Thursday, 29 July 2021 11:23 PM

Go for it snd IMF

Ranaweera Friday, 30 July 2021 07:26 AM

Sone people will protest against this too.

Lokka Friday, 30 July 2021 09:13 AM

We welcome US investment here , but hate unwanted US interference in internal political matters.

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US Ambassador keen on conclusion of New Fortress’s energy deal in Sri Lanka

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