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Acquisition of Yugadanavi power plant and right to build new LNG terminal: US firm says agreement finalised

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US based energy firm, New Fortress Energy Inc. on Tuesday (21) announced that it had executed a definitive agreement with the Sri Lankan government for New Fortress’ investment in West Coast Power Limited, the owner of the 310 MW Yugadanavi Power Plant based in Colombo, along with the rights to develop a new LNG Terminal off the coast of Colombo.

Issuing a press release, New Fortress Energy Inc., said as a part of the transaction, New Fortress will have gas supply rights to the Kerawalapitya Power Complex, where 310 MW of power is operational and an additional 700 MW scheduled to be built, of which 350 MW is scheduled to be operational by 2023.

Given below is the statement: “New Fortress will acquire a 40% ownership stake in WCP and plans to build an offshore liquified natural gas (LNG) receiving, storage and regasification terminal located off the coast of Colombo. New Fortress will initially provide the equivalent of an estimated 1.2 million gallons of LNG (~35,000 MMBtu) per day to the GOSL, with the expectation of significant growth as new power plants become operational.

“The 310 MW Yugadanavi Power Plant currently has a long-term power purchase agreement to provide electricity to the national grid that extends through 2035. This power plant consists of General Electric turbines and is configured to run on natural gas in a combined cycle.

“”This is a significant milestone for Sri Lanka’s transition to cleaner fuels and more reliable, affordable power,” said Wes Edens, Chairman and CEO of New Fortress Energy. “We are pleased to partner with Sri Lanka by investing in modern energy infrastructure that will support sustainable economic development and environmental gains.”

“The Kerawalapitya Power Complex is the foundation of the baseload power that serves the country’s population of 22 million people. Delivering cleaner and cheaper fuels to Sri Lanka will support the country’s growth for years to come.”



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Vasu defends constituents’ right to differ

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Prez chairs govt. group meeting:

By Shamindra Ferdinando

Water Supply Minister Vasudeva Nanayakkara has strongly defended the right of the SLPP (Sri Lanka Podujana Peramuna) constituents’ to take up contentious issues in public.

Minister Nanayakkara told SLPP parliamentary group meeting at the President’s House on Sunday night (24) that their right to differ on matters of public interest shouldn’t be questioned.

Nanayakkara said so when Minister Rohitha Abeygunawardena and MP Tissa Kuttiarachchi faulted some constituent parties for dissenting views on certain issues.

Prime Minister Mahinda Rajapaksa was present at the meeting chaired by President Gotabaya Rajapaksa. The meeting lasted for about two hours.

The SLPP held Sunday’s meet in the wake of some constituent parties of the ruling coalition asking for a discussion on the questionable agreement between the government and the US New Fortress Energy Company over the Yugadanavi power plant, etc. Sources said that initially, President Gotabaya Rajapaksa indicated that the issue could be discussed with the Premier but subsequently arrangements were made for the Sunday’s meeting.

The New Fortress recently announced that a definitive agreement had been executed for the external investment in West Coast Power Limited (WCP).

WCP owns the 310 megawatts Yugadanavi Power Plant based in Colombo. The deal is also for the rights to develop a new LNG Terminal off the coast of Colombo. In terms of the agreement, New Fortress will acquire a 40 per cent ownership stake in WCP. The US energy firm plans to build an offshore LNG terminal located off the coast of Colombo.

Minister Nanayakkara has said it is not unusual for members of a coalition to hold different views depending on the issues as they also represent the interests of the public.

Nanayakkara has pointed out how the left parties remained with the UPFA though they didn’t agree with the then President Mahinda Rajapaksa’s decision to enact the 18th Amendment to the Constitution. Parliament passed the 18th Amendment to the Constitution with a two-thirds majority on 08 Sept. 2010, enabling the President to seek a third term among other things.

The SLPP constituents have differed with the government on several issues such as fuel price increases announced by Energy Minister Udaya Gammanpila on 12 June as well as the abortive bid to transfer 49 percent of shares of the East Container Terminal (ECT) of the Colombo port to India and Japan.

National Freedom Front (NFF) leader Wimal Weerawansa spearheaded the constituents’ campaign. He sought an explanation particularly as regards Cabinet approval for the controversial energy deal with the US firm, without a discussion among ministers.

NFF sources told The Island that their leader felt the urgent need to take up the matter to prevent further deterioration of relations among the coalition members.

Several parties including government ally the Jathika Sanvidhana Ekamuthuwa moved the Supreme Court and the Court of Appeal, respectively against the secretive energy deal with the US firm.

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‘Those who hesitate to get vaccinated pose a threat to others’

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By Rathindra Kuruwita

Deputy Director General of Health Services, Dr. Hemantha Herath said yesterday a significant number of people had not received the Covid-19 vaccine, and posed a threat to society.

“No matter what your age category is, you will be at a higher risk of being infected and spreading it to others. So please get vaccinated,” he urged.

The DDGHS said that a booster shot would be given to people from 01 Nov.

The Health Ministry would carry out the ongoing vaccination drive until everyone got the first two doses, he said.

“However, we won’t keep hundreds of vaccination centres open. Most likely, those who have not got vaccinated will have to go to designated locations to receive the vaccine.”

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School attendance high as parents have faith in teachers – CTU head

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Teachers and principals protested at Colombo Fort yesterday urging the government to rectify their salary anomalies. The protesters marched from the Fort Railway Station towards the Presidential Secretariat but police did not permit them to proceed beyond the Telecom rounadbout. Pic by Nishan S Priyantha

By Rathindra Kuruwita

School attendance was high Despite inter-provincial travel restrictions, Ceylon Teachers Union (CTU) General Secretary, Joseph Stalin said yesterday. “The government announced on 22 October that primary sections of all schools would be reopened on 25 October. Despite the short notice the attendance was high, and this is testament to the faith parents have in teachers,” he said.Primary sections of 9,155 schools recommenced yesterday.

“However, we will only teach. Teachers do a lot of additional work instead of teaching and most people who slander us have no idea about this,” he said.

Deputy Director General of Health Services, Dr. Hemantha Herath urged relevant authorities to provide safe and adequate transport facilities to students. It was vital that those vehicles were ventilated, and social distancing was maintained.

“We urge parents to buy reusable face masks for kids. If your child has any symptoms of COVID such as fever and cold, don’t send him/her to school until you are certain this is not COVID. Teach your child the importance of washing hands, wearing masks and maintaining social distancing. This is the way we can ensure there is no spread in the school system,” Dr. Herath said.

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