SJB says SL’s energy independence in peril

BY Nabiya Vaffoor | Published: 2:00 AM Sep 22 2021
News SJB says SL’s energy independence in peril

BY Nabiya Vaffoor 

Sri Lanka’s energy sovereignty is in danger as a result of the agreement with a U.S. firm for electricity generation and the supply of liquefied natural gas (LNG), the Samagi Jana Balawegaya (SJB) alleged.

SJB MP Ashoka Abeysinghe claimed that in July this year, the U.S. Company New Fortress Energy Inc. announced that it has signed a Framework Agreement with the Government of Sri Lanka to construct a new offshore LNG delivery, storage and regasification terminal. “According to them a Terminal will be located off the coast of Colombo to supply gas to the country’s power plants, primarily located in the Kerawalapitiya Power Complex. 

The Kerawalapitiya Power Complex consists of 300 MW in operation today and is ultimately expected to grow to over 1,000 MW by 2025. Also the company will supply natural gas to the existing 300 MW Yugadanavi Power Plant and is negotiating the purchase of the Government’s 40 per cent stake in the company that owns the power plant,” he said. Speaking further, Abeysinghe said the Government will have to build a Floating Storage Regasification Unit (FSRU) with pipelines where the gas can be transported to the location that it is needed. 

To build this, the Government has turned down the tender procedures and handed over this whole project to the said U.S. Company for USD 250 million and the power plant current management will be under the power of this American Private Company," he alleged Addressing a Media briefing yesterday (21) Abeysinghe inquired what will happen to Sri Lanka if 50 per cent of the authority for energy is given to foreign countries. They will be able to control the power of the whole country with the flick of a switch, he stressed.  

BY Nabiya Vaffoor | Published: 2:00 AM Sep 22 2021

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