Thursday July 29, 2021 10:50 am Thursday July 29, 2021 10:50 am ECONOMYNEXT – Engineers of Sri Lanka’s state-run Ceylon Electricity Board have raised concerns over how competitive procurement for a floating LNG terminal and pipeline was undermined by an unsolicited deal with a US company. The CEB floated tenders for a floating storage degasification unit on a 10-year build operate own basis and a separate pipeline was also tendered on a build operate transfer basis. An announcement was then made that a ‘framework agreement’ had been signed to sell state shares in an existing combined cycle power plant to a US based company called New Fortress Energy who will set up an FSRU.