header logo
Vallibel FD
vallible LE
Latest
President rejects request from govt’s allied parties
President rejects request from govt’s allied parties
Mobitel inner 1278

President Gotabaya Rajapaksa has rejected the request made by 11 allied parties of the government for a discussion on the agreement reached between the Sri Lankan government and US-based New Fortress Energy for latter’s investment in West Coast Power Limited (WCP) – the owner of 310 MW Yugadanavi Power Plant in Kerawalapitiya.

 

The opposition as well as ruling party members had expressed objections to the agreement which would reportedly handover a 40% stake in West Coast Power Limited to New Fortress Energy.

 

Accordingly, eleven political parties allied with the government had made a request to the President on September 21 seeking a discussion on the matter.

 

The request had been made by the Democratic Left Front (DLF), the Lanka Sama Samaja Party (LSSP), the National Freedom Front (NFF), the Puvithuru Hela Urumaya (PHU), Ape Jana Bala Pakshaya, Sri Lanka Freedom Party (SLFP), National Congress, Eksath Mahajana Party, Sri Lanka Communist Party, the Sri Lanka Mahajana Pakshaya and the Yuthukama National Organization.

 

In their request, the parties had said that the agreement needs to be revisited and discussed and also that it should be implemented following proper tender procedure after a formal study.

 

However, President Rajapaksa has responded in writing to the representatives of those political parties stating that it would be more appropriate to discuss the matter in the Cabinet meeting or the ruling party meeting. 

 

The letter also states that the Secretary to the Finance Ministry and CEB officials would be instructed to brief them on this.

 

Meanwhile the President has also states that if there is any issue with the political decisions of the Sri Lanka Podujana Peramuna (SLPP) they should take it up with either party leader PM Mahinda Rajapaksa or national organizer Minister Basil Rajapaksa, political sources told Ada Derana.

 

The leaders of the government’s allied parties are therefore expected to meet on October 23 to extensively discuss the issue. 

 

The New Fortress Energy, in a statement, recently said it will acquire a 40% ownership stake in the WCP and plans to develop a new liquified natural gas (LNG) receiving, storage and regasification terminal located off the coast of Colombo.

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
SEC backs key 2027 Budget proposals  to strengthen capital market

SEC backs key 2027 Budget proposals to strengthen capital market

‘AI Center of Excellence’ aims to develop industry-specific solutions-Dy Minister of Digital Economy

‘AI Center of Excellence’ aims to develop industry-specific solutions-Dy Minister of Digital Economy

JVP marks 37th November Heroes’ Day  under President’s patronage today

JVP marks 37th November Heroes’ Day under President’s patronage today

Debate on Second Reading of 2027 Budget  gets underway in Parliament

Debate on Second Reading of 2027 Budget gets underway in Parliament

SC clears PSTA Bill for passage with simple majority; Four amendments required at Committee Stage

SC clears PSTA Bill for passage with simple majority; Four amendments required at Committee Stage

 Rajangane Saddharathana involved inclash at A’pura protest siteThree monks takeninto police custody

Rajangane Saddharathana involved inclash at A’pura protest siteThree monks takeninto police custody

 2027 Budget deficit projected at Rs.1.75 trillion;Tax-free income threshold increased to Rs.162,500

2027 Budget deficit projected at Rs.1.75 trillion;Tax-free income threshold increased to Rs.162,500

President presents 2027 Budget in Parliament;Calls for national unity to build Sri Lanka’s future

President presents 2027 Budget in Parliament;Calls for national unity to build Sri Lanka’s future

Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

 President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

Pilotless passenger drone makes inaugural flight in Sri Lanka

Pilotless passenger drone makes inaugural flight in Sri Lanka

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

 Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

 Cabinet approves $200mn ADB loan to boost SME Sector

Cabinet approves $200mn ADB loan to boost SME Sector

Colombo flooding examined at DCC meeting;

Colombo flooding examined at DCC meeting;

Lassana Flora