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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. ....
“The sleep of reason produces monsters.” – rd etching in the Los Caprichos series) The tyranny of unreason does not stop at the borders of politics. It spreads its tentacles to every aspect of human life. In his first post-Trump media briefing, Dr. Anthony Fauci provided a telling summation of the existential costs of Trumpism. “The idea that you can get up here and talk about what you know, what the evidence what the science is,” the immunologist said, “…it is somewhat of a liberating feeling.” It is a sentiment many a medical practitioner in Sri Lanka would understand. Days after Donald Trump left the White House, hopefully forever, Sri Lanka’s Health Minister was diagnosed with Covid-19. Even in a cabinet of outstanding ineligibles, Pavithra Wanniarachchi stood out, a peerless yes-woman who seemed to promote disease rather than health. On the behest of her masters, she obfuscated the gravity of the pandemic, ignored scientific opinion, pun ....