Sri Lanka awards two year barge service supply deal for Lakvijaya coal power plant to Indian company
India’s Gujarat-based Shreeji Shipping Ltd. has reportedly been awarded the two-year contract to supply automatic barge services to Sri Lanka’s Lakvijaya Coal Electricity Plant jetty via competitive tender.
Sri Lanka’s Cabinet of Ministers has approved the deal based on a proposal from the country’s Minister of Ports and Shipping.
The awarding was subject to the recommendation of the Standing Procurement Committee appointed by the Cabinet of Ministers and the contract period is FY22 and FY23.
Located in Norochcholai, Puttalam, the Lakvijaya Power Station is the largest power station in Sri Lanka. In 2020 it produced 5,754 GWh of electricity accounting for 37% of the total generation in the country.
OSL take:
Sri Lanka poses many business/investment opportunities covering all key economic sectors. The ongoing development programme has expanded opportunities that have been further boosted by Sri Lanka working towards becoming a business hub in the South Asian region. Given the growth momentum shown by several key economic sectors in Sri Lanka despite facing pandemic challenges, foreign businesses/investors could explore the growing opportunities in the country. Sri Lanka’s geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country have addes to the country’s business potential.
| Article Code : | VBS/AT/03092021/Z_3 |