Country lost Rs. 1,953 million due the controversial coal deal


Keerithi_13_01_2017

Keerthi Tennakoon of Anti Corruption Front (ACF) indicated that the country has lost Rs. 1,953 million from January 15 to March 31.

He added this was due to the controversial deal struck with Swiss Singapore Overseas Enterprises Pvt. Ltd to provide coal to Norochcholai Power Plant.

“The price of a metric tonne purchased under the spot tender method was US$ 77.98. Had the government purchased coal under spot tender method, it would have only spent US$ 171,639,126. Therefore, we have incurred a loss of US$ 12,766,337 (Rs 1,953,249,561) from this deal,” he said.

He said the Ministry has today stopped purchasing coal through the open market and that under the instructions of Ministry Secretary Suren Batagoda, the Lanka Coal Company has purchased coal for a price of US$ 91.75 per metric tonne through the controversial tender.

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