The Hon. Kumara Jayakody - State Minister
Kumara Jayakody stated that 49 electricity-sector proposals were received under the EOI process, but that route was later invalidated by amendments to the Electricity Act under the previous administration. He said many proposals involved irregularities and high tariffs, and that Cabinet had approved a committee to regularize the process by recommending unit prices, capacities and related terms for approval. He added that the Government would expedite implementation while addressing the difficulties faced by investors.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 We do. Hon. Speaker, there were 49 proposals received under EOI, but the then administration itself amended the Electricity Act to invalidate that route. Many were irregular and at high tariffs — not viable even domestically. Cabinet has now approved appointing a committee to regularize this. Through the Cabinet committee we will make recommendations on unit prices, capacities, etc., obtain approval, and implement swiftly. We must also treat investors properly; many of those 49 are in difficulty. We are expediting necessary actions.
Provenance
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- Hansard, Thursday, 9 January 2025 ·No. 1738229262040729 ·English daily/uncorrected Hansard
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Cite as: The Hon. Kumara Jayakody - State Minister. 10th Parliament, Parliament of Sri Lanka. Hansard, 9 January 2025. No. 1738229262040729. Politick, https://staging.politick.io/lk/speeches/23659