The coal tender that was awarded on the 25th of August has been canceled by the Cabinet of Ministers yesterday (22).
The tender was cancelled on the request of the Ministry of Power and Energy.
Subject Minister Kanchana Wijesekera said the supplier who was selected had communicated the inability to perform the tender citing concerns on the impact on legal cases filed and the payment guarantee risks.
The Minister said the Lanka Coal Company will publish a new International Open Competitive Tender that will allow any suitable supplier that has the ability to provide coal on a long term credit basis.
He added in order to fulfil the immediate requirements, the remaining 19 cargos from last years tender will be advanced.