Sri Lanka's Power and Energy Minister assured US, Worldbank support

[TamilNet, Monday, 16 August 2004, 13:54 GMT]
Minister of Power and Energy of Sri Lanka, Mr. Susil Premajayantha, concluded a one day visit to the US receiving a positive response from the US Trade and Development Agency and the World Bank for assistance in diversifying and upgrading the power and energy sector in Sri Lanka, a press release from the Sri Lankan Embassy in Washington DC said Sunday. The minister also met with Senior Executives of two major companies in the US Private Energy Sector and discussed investment opportunities in the energy sector in Sri Lanka, according to the press release.

"Minister Premajayantha’s discussions with the USTDA, the World Bank, USEA and the two major US players in the power and energy sector and, their positive response to Sri Lanka’s needs, seek to broaden and deepen the growing US-Sri Lanka partnership in the power and energy sector," noted the press release.

At a meeting with the Country Manager/Asia of the United States Trade and Development Agency (USTDA), the Minister reviewed USTDA technical assistance for consultancy services on the development of a 300 MW coal fired power plant within the agreement signed in July 2003 between the US and Sri Lanka for the award of US$560,000 in terms of technical assistance for the above project.

Minister Premajayantha met with World Bank's Vice President for South Asia Region, Mr. Praful Patel to discuss potential World Bank assistance for meeting these priorities.

In a Meeting with Senior Executives of Caterpillar Power Ventures Corporation, the Minister reviewed progress made on the company’s investment in a US$ 60 million joint venture power generation project in Sri Lanka with the Aitken Spence Company.

The construction of a 100 MW power plant at Embilipitiya by the Joint Venture Company ACE Power Embilipitiya Pvt. Ltd., which is already underway, will be commissioned in April 2005 and commercial operations are expected to commence in May 2005.

Minister Premajayantha also discussed investment opportunities in the alternative energy area and in coal and thermal power plants in Sri Lanka.

Caterpillar Power Ventures Corporation is a member of the Sri Lanka Working Group established at the United States Chamber of Commerce and extends valuable support to promoting Sri Lanka’s trade and investment agenda in the US. The Corporation also supported humanitarian de-mining activities in the North by sponsoring one of the specially trained de-mining dogs in the canine de-miming program recently launched in Sri Lanka.

Discussing the status of the Kelanitissa Pvt. Ltd. (AESK) owned by AES Corporation USA, the Minister discussed new opportunities emerging in the alternative and renewable energy sector in Sri Lanka.

Both, Caterpillar Power Ventures Corporation and AES Corporation USA informed Minister Premajayantha that they are fully satisfied with their investments in Sri Lanka and found the investment climate and the capacity of local banks and companies in Sri Lanka attractive to forge future business partnerships.

The Minister also discussed ways of establishing a partnership with the USEA. USEA, a member of the World Energy Council, is a non-profit association of over 165 public and private energy related organizations, corporations and government agencies and, is funded by the US Agency for International Development (USAID).

 

Latest 15 Reports
17.05.21 19:23   Photo
Ananthi blames war criminal Silva for blocking collective memorial at Mu'l'livaaykkaal
23.03.21 12:41   Photo
No focus on Tamil genocide, geopolitics gets played out in Geneva in favour of QUAD formation
21.03.21 13:34   Photo
Navi Pillay explains ‘human rights’ limitations in Geneva on Tamil genocide
15.03.21 20:36   Photo
Deceived Tamil activists in UK falsely claimed ‘substantial changes’ to Zero draft
09.03.21 21:34   Photo
UK repeatedly wronged Tamils says hunger-striker, demands genocide justice
26.02.21 11:53   Photo
Tamils witness false dilemma in Geneva as geopolitical formations pit against each other
19.02.21 14:02   Photo
UK not prepared to push for ICC option in new UNHRC Resolution
07.02.21 23:16   Photo
Unprecedented P2P uprising paves the way for rights-oriented politics of Tamils and Muslims
22.01.21 08:01   Photo
Gotabaya sets up deceptive COI citing ‘sovereignty’ and ‘non-aligned’ foreign policy
18.01.21 23:44   Photo
Tamil activists resisted three sources of outside influence while drafting demands to UNHRC
16.01.21 11:03  
Tamil national parties demand UN to inquire into crime of genocide and set up IIIM
09.01.21 09:37   Photo
Demolition of Tamil genocide monument, fourth emblematic trauma since 1974: Rev Fr Sakthivel
08.01.21 23:51   Photo
Colombo destroys Mu'l'livaaykkaal memorial monument at Jaffna University
07.01.21 11:22   Photo
With emphasis on genocide, Suresh calls for ICC-referral, IIIM and referendum
07.01.21 00:04   Photo
Boyle prefers IIIM demand over ICC-referral, says specific reference to genocide essential
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=12684