Long-term contract to import diesel
Bids are called from registered suppliers of Ceylon Petroleum Corporation for the long-term contract to import 1,137,500+10/- 5% barrels of Diesel (Maximum sulfur percentage 0.05) and 262,500+10/-5% barrels of Diesel (Maximum Sulfur percentage 0.001) for eight months from 01.01.2022 to 31.08. 2022. Accordingly, the proposal tabled by the Minister of Energy to award the contract to M/s Vitol Asia (Singapore) Pte. Ltd as recommended by the Special Standard Procurement Committee appointed by Cabinet was approved.
Long-term contract to import petrol
Bids are called from registered suppliers of the Ceylon Petroleum Corporation for the long-term contract to import 1,341,000+10/- 5% barrels of Petrol (92 Unl) and 459,000+10/-5% barrels of Petrol (95 Unl) for eight months from 01.01.2022 to 31.08. 2022. The proposal tabled by the Minister of Energy to award the contract to M/s Vitol Asia (Singapore) Pte. Ltd as recommended by the Special Standard Procurement Committee appointed by Cabinet was approved.
‘No New Coal’ global energy agreement / global clean energy transformation statement:
The 26th Summit of stakeholders of the United Nations Convention on Climate Change is scheduled to be held from 31 October to 12 November 2021 in Glasgow, Scotland. The Summit is expected to review the implementation of the climate change convention, Kyoto Protocol and the Paris Accord and to enter into decisions to further enhance and implement the said agreements. The United Kingdom which is the chair is to propose a global energy convention void of coal to dedicate to a cleaner energy agenda with the United Nations and some other member countries. The signatories to the accord will be responsible to minimise environment pollution and / or immediately stopping the issue of new licences for coal power electricity generation projects where there is no method to prevent the impact to the environment and to stop new project constructions pertaining to electricity generation with coal power plants by the end of the year. Accordingly, Cabinet approved the proposal by the Minister of Power and Renewable Energy
Obtaining a Geographical Indication for ‘Ceylon Tea’
According to the Trade-Related Intellectual Property Rights Agreement, the indication given to identify a product produced within the territory of a member state or in a regional area within that territory is called a geographical indication. A geographical indicator protects the product from misuse or imitation of the registered name and protects the customer by guaranteeing the true origin of the product. A French Government institution titled Agence Francuise de Developpment (AFD) has agreed to provide technical assistance to the Sri Lanka Tea Board through Centre de Coopération International en Recherche Agronomique pour le Developpment (CIRAD) and United Nations Industrial Development Organization (UNIDO) to register the Geographical Indicator for Ceylon Tea. Accordingly, Cabinet approved the proposal presented by the Minister of Plantations to enter into a tripartite agreement between AFD, CIRAD and the Sri Lanka Tea Board.
Amendments to the Debt Conciliation Ordinance
The Debt Conciliation Board intends to protect the rights of debtridden people. It has been identified that it is essential to amend the Debt Conciliation Ordinance to suit present requirements to carry out these functions more effectively. A preliminary Bill has been drafted by the Advisory Committee to review the Debt Conciliation Ordinance appointed by the Minister of Justice. Cabinet approved the proposal submitted by the Minister of Justice to amend the Debt Conciliation Ordinance on the basis of said preliminary Bill and to advise the legal draftsman to draft a Bill therefrom.