Following a report by Sri Lanka’s auditor general’s department, the parliamentary Committee on Public Finance (COPF) has recommended that action be taken against officials who oversaw a 2022-2025 coal tender for the Norochcholai coal power plant.
Longer power cuts likely in Sri Lanka if coal shipment not secured: union economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
Sri Lanka s listed Brown Investments Plc, a subsidiary of Brown & Company PLC and the investment arm of LOLC Group, is expecting to start negotiation with relevant authorities on a 4.5 million MT coal deal partnered with a Chinese firm through a unsolicited proposal, the company said.
A company which was awarded a contract to supply coal on credit has refused go ahead until legal clearance is given, the Power & Energy Minister said after the deal ran into controversy and some activists went to court.