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Last Updated : 2024-05-13 12:03:00
2 November 2021 08:40 am - 8 - {{hitsCtrl.values.hits}}
Despite objections by alliance partners, the ruling Sri Lanka Podujana Peramuna (SLPP) yesterday insisted on the need to proceed with the LNG (Liquefied Natural Gas) project with New Fortress Energy, an American company.
Delivering remarks to the media at the regular press conference, SLPP General Secretary MP Sagara Kariyawasam said the American company had agreed to invest US $ 250 million in acquiring 40 per cent shares of Yugadanavi Power Plant. He said this was a sum much higher than expected.
In addition, Mr. Kariyawasam said the American company had agreed to supply LNG at US $ 1.40 a unit for five years, whereas the highest bidder qualified through the tender process offered it at US $ 3.15 a litre for ten years.
“We want to know why some of these government ministers insist on getting it at a higher rate,” he said. He said electricity prices could be slashed substantially if the LNG project were implemented as planned.(Kelum Bandara)
Kps Tuesday, 02 November 2021 09:20 AM
Mr. 10 present and the clan.
Man Tuesday, 02 November 2021 09:39 AM
According to Sagara's own words, the people who don't get anything from that deal, oppose it. It implies that he gets in US$ through that deal. Wonderful!
ravin Tuesday, 02 November 2021 10:26 AM
Oh!! good $$ investment of ill-gotten funds.
Dollarboy Tuesday, 02 November 2021 11:17 AM
Good spirit. Keep it up until the next election. Your roots will also get rid off .
roni Tuesday, 02 November 2021 12:03 PM
What has the finance minster to do with this, the minister in charge of power and energy is the one who should get involved. Obvious reasons.Previously when wind power was to be installed in the north western area investors backed out for reasons best known
joshua Tuesday, 02 November 2021 12:05 PM
Bunch of thieves running this country and they have good spokesmen also to support them. Sorry forgot to mention about the 6.9 Mn fools.
june macapagal Tuesday, 02 November 2021 02:15 PM
Mr.Kariyawasam does not understand simple logic. He is only interested in the US$ Dollars. at this rate they are going to sell everything and finally leave the people on the road.
Upulpb Tuesday, 02 November 2021 08:14 PM
End is near
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