The Hon. Asitha Niroshana Egoda Vithana
Asked what benefits Sri Lanka gains from replacing the earlier Adani electricity purchase arrangement, which he said involved a higher unit price, with a re-tendered Mannar-Kondechchi project involving a local investor at a lower competitive price. He argued that not all foreign investments are beneficial and framed the change as a measure to reduce costs and protect the economy.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Prime Minister, my second supplementary:
¶ 02 In 2023, based on an agreement with an Indian investor—the Adani company—electricity was to be purchased at an unfavourable unit price of USD cents 8.25 (about Rs. 25). After the present Government assumed office, we re-tendered and achieved a competitive price of USD cents 4.65 (about Rs. 14), engaging a local investor, enabling the country to benefit. The Opposition created an outcry that investments were leaving. Not all investments are beneficial—some can gravely harm the economy. As the Adani project was shelved and a new project is underway in Mannar-Kondechchi with a local investor, what benefits accrue to the country from this change?
Provenance
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- Hansard, Wednesday, 10 June 2026 ·No. 23707 ·English daily/uncorrected Hansard
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Cite as: The Hon. Asitha Niroshana Egoda Vithana. 10th Parliament, Parliament of Sri Lanka. Hansard, 10 June 2026. No. 23707. Politick, https://staging.politick.io/lk/speeches/21412