Swiss Singapore wins Sri Lanka spot coal contract
ECONOMYNEXT – Swiss Singapore Overseas Enterprises Pte Ltd. has won a spot tender by Sri Lanka for supply of 300,000 MT of coal at US$91.85 per tonne, a government spokesman said.
The deal to buy coal required for the Lakvijaya coal power plant at Puttalam under spot tender was approved by the Cabinet of Ministers this week on a proposal by Power and Renewable Energy Minister Ranjith Siyambalapitiya.
The government is to buy half the coal needed by the Puttalam plant on long term contract and the balance on spot tenders.
(COLOMBO, October 25, 2017)