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Following a report by Sri Lanka’s auditor general’s department, the parliamentary Committee on Public Finance (COPF) has recommended that action be taken against officials who oversaw a 2022-2025 coal tender for the Norochcholai coal power plant.
Sri Lanka will call fresh tenders for to buy coal for electricity generation Power and Energy Minister Kanchana Wijesekera said.
Sri Lanka's listed Brown Investments Plc, a subsidiary of Brown & Company PLC and the investment arm of LOLC Group, is expecting to start negotiation with relevant authorities on a 4.5 million MT coal deal partnered with a Chinese firm through a unsolicited proposal, the company said.
A company which was awarded a contract to supply coal on credit has refused go ahead until legal clearance is given, the Power & Energy Minister said after the deal ran into controversy and some activists went to court.