Connect with us

News

Engineers insist Lanka’s energy security in danger

Published

on

By Ifham Nizam

US firm, New Fortress Energy, was trying to take advantage of the country’s declining economic situation on the pretext of purchasing 40 percent shares of the West Coast Power Plant, Yugadanavi by paying Sri Lanka USD 250 million, but in actual fact the US firm was targeting huge returns, says Ceylon Electricity Board Engineers’ Union President Saumya Kumarawadu.

Responding to queries, Kumarawadu said that the unsolicited offer from New Fortress included clauses that required Sri Lanka to make all LNG purchases through that firm. “In other , it will give the US firm an opportunity to make more than USD 6,000 million in a 10-year period. However, if LNG purchases went through competitive bidding the amount would be much lower,” he said, adding that they were waiting to take up the matter with President Gotabaya Rajapaksa.

The transaction cost under the NFE’s LNG supply contract could be in the range of USD 3000 million for five years and could go up to USD 6000 million for 10 years, given the fact that the country would be forced to buy LNG from NFE for the plants in Kelanitissa premises as well since there was no other alternative option, he said.

Exclusive rights of supplying LNG to Sri Lanka would be given to the American company for five years initially, but the country would be compelled to extend the period and that was a great threat to national energy security, he stressed.

The CEBEU President said they feared that the Colombo-based existing and future power plants could be controlled by the US company through the LNG supply deal, which would greatly hamper the country’s electricity supply availability and reliability. Supply of LNG under the contract might not be limited to the electricity sector but could also be extended to other sectors such as transport and domestic use in the years to come.

Dhammike Wimalaratne, Secretary of CEBEU said: “New Fortress USA only agrees to buy 40% government shares of West Coast Plant by paying Sri Lanka USD 250 million provided Sri Lanka agrees to give them the exclusive rights to supply and operate both LNG FSRU infrastructure and LNG Supply to all the power stations in the country.

He too warned that the national energy security in the country which was enforced through the Country’s National Energy Policy issued in Aug 2019 was in jeopardy.

 It states, “Considering the impact to the country’s energy security, operation of the first terminal and LNG procurement shall be kept under state control”

• CEB has already developed a comprehensive road map for the deployment of LNG for Sri Lanka electricity generation through a detailed feasibility study funded by ADB.

• The intention was to deploy LNG for the Colombo based power plants initially with the actual LNG requirement determined carefully in accordance with CEB’s generation plan as well as forecasted dispatch scenario.

• The tenders were separated for the procurement of LNG terminal, pipeline and LNG supply through a competitive bidding process to secure the optimum economic benefits to the country while ensuring transparency and accountability.

• International Competitive Tenders were called by CEB to procure LNG terminal (FSRU, mooring facility and other infrastructure) and by CPC to construct the pipeline network and the bids received are currently under evaluation.

• Bid documents to procure LNG through a competitive bidding process are being prepared.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

‘Vision’ Programme Marks Two Years

Published

on

By

Marking the completion of two years of the ‘Vision’ Programme, students from Pinnawala Central College and Matale Siri Seevali College were given an opportunity on Thursday (24) to visit the Presidential Secretariat.

The ‘Vision’ Programme was launched for schoolchildren jointly by the Presidential Secretariat, the Ministry of Education and the Department of Communication of the Parliament of Sri Lanka.

Following a visit to the former Parliament building at the Presidential Secretariat, the students were also briefed on the history of Parliament.

The role of the President’s Fund and its importance to schoolchildren were explained by Senior Additional Secretary to the President Roshan Gamage.

The ‘Vision’ commemorative book, featuring the two-year journey of the ‘Vision’ Programme and its special activities, was also presented to the participating schools.

As part of the programme, valuable plants were also presented to the schools as a symbolic gesture underscoring the importance of environmental conservation.

Director General of Public Relations Dharmasiri Gamage, the Director and Assistant Director of the Tri-Services Security Coordination Unit, the principals and teaching staff of Pinnawala Central College and Matale Siri Seevali College, and students were among those present on the occasion.

President’s Media Division (PMD)

Continue Reading

News

Sajith vows to scrap 22A under future govt.

Published

on

Sajith at yesterday’s protest

Opposition and SJB Leader Sajith Premadasa yesterday vowed that an SJB government would repeal the 22nd Amendment (22A) to the Constitution.Premadasa made the pledge while addressing thousands of SJB supporters who gathered near Parliament to protest against 22A.

Addressing the rally at Polduwa Junction, Battaramulla, Premadasa said the proposed constitutional amendment would undermine democracy and judicial independence and enable the concentration of political power in the Executive.

“Even if they pass it, under an SJB government we will scrap it,” Premadasa told the gathering, claiming that 22A was aimed at paving the way for a one-party state and placing the State under the control of a single political party.

Braving the rain, Premadasa said they had gathered there peacefully and had no intention of resorting to violence.

“We have gathered here to protect democracy,” he said, challenging the government to hold Provincial Council elections if it was confident of facing the people.

Premadasa said the SJB was prepared to work with any democratic and clean political force committed to the country’s progress and public welfare, amid ongoing discussions on cooperation among Opposition parties, including the United National Party.

Premadasa also accused groups aligned with the government of attempting to discourage people from attending the protest through statements and other measures.

SJB General Secretary Ranjith Madduma Bandara said the protest had been organised against the proposed amendment, which the party had opposed on the grounds that it could pave the way for authoritarianism.

The demonstration began around 9 a.m. at Polduwa Junction and coincided with Parliament taking up the proposed 22nd Amendment for debate. Proceedings on the Bill are scheduled to continue today (25).

The Supreme Court has determined that the proposed amendment does not require approval at a referendum and could be passed with a special majority in Parliament.

Meanwhile, traffic congestion was reported on roads surrounding Parliament and Polduwa Junction following the demonstration.

Security was also tightened in and around the Parliamentary complex, with a heavy police presence observed at Polduwa Junction and near the main entrance to Parliament.

Continue Reading

News

Two retired female Navy officers remanded over disappearance of two women during war

Published

on

Two retired female Navy petty officers were ordered to be remanded until October 5 over their alleged involvement in the abduction and disappearance of two women in Trincomalee during the war.

Trincomalee Chief Magistrate M.S.M. Samsudeen yesterday ordered that the two suspects be remanded and directed that they be produced for an identification parade on October 5.

The suspects, residents of Chilaw and Haputale, were arrested after appearing before the CID in connection with another court case. They were subsequently produced before the Trincomalee Magistrate’s Court.

The court was informed that the investigation concerned the alleged abduction of Sasikumar Thenmoli and Mary Delsia, residents of Paalaiyootru, Trincomalee, on or around May 13, 2008.

The CID told court that information uncovered during its investigations indicated that the two women had allegedly been detained at an underground location known as the “Gun Site” at the Trincomalee Naval Base while the two suspects were serving in the Navy. The women were subsequently reported missing.

Further investigations into the alleged abduction and disappearance of the two women are continuing.

Continue Reading

Trending