Swiss Singapore Overseas wins deal to supply coal to Sri Lanka
Sri Lanka’s Government Information Department states that the Swiss Singapore Overseas (Pte) Ltd, which is a commodity trader, has won a deal to supply 300,000 metric tonnes of coal to Sri Lanka.
Sri Lanka’s Cabinet of Ministers had cleared the award the proposal made by the power and energy minister, the Information Department has stated.
The country’s state owned Ceylon Electricity Board (CEB) operates three 300 MegaWatt coal power station in Norochcholai in Sri Lanka’s western coast.
In the five months to May 2019, Sri Lanka has generated about 35 percent of power or 2,340 GigaWatt hours using coal.
OSL take:
Sri Lanka’s economic policies along with the aggressive development programme that covers all key economic sectors islandwide have created many business/investment opportunities in the country. Therefore, foreign companies could explore the project pipeline in the country as well as opportunities to supply goods and services to existing businesses.
| Article Code : | VBS/AT/27092019/Z_1 |