Minister Wimal Weerawansa says two more agreements are due to be reached pertaining to handing over shares of the Yugadanavi Power Plant in Kerawalapitiya to an American company.
The Minister said the two agreements contain sensitive matters pertaining to the country.
He stated it is not suitable for one company to have sole authority over LNG supply for a long period and have the power to set prices, adding that the matter is being dealt with in a sensitive manner.
The Minister added there is another agreement related to the American company constructing new power plants or buying shares of another power plant.
He stressed therefore signing one agreement does not mean that the power plant was handed over to the relevant company.
Minister Weerawansa noted 40% of the 60% of shares which belonged to the Treasury had been handed over to the relevant company through the agreement signed for 250 million US dollars.
He said when questions were raised regarding the management power being transferred to the American company during discussions held with various officials including the Minister of Finance, the Chairman of the Ceylon Electricity Board clearly stated the government will have management power, although 40% of shares were handed over to the company.
The Minister added the agreement must be tabled before the Cabinet of Ministers, according to the Cabinet Paper.
Minister Wimal Weerawansa stated discussions will be held with the President upon his return to the country, as talks held under the patronage of the Prime Minister recently regarding the prevailing controversial situation, ended without an agreement.
Minister Weerawansa further said if the agreements which will be reached regarding the Kerawalapitiya Power Plant are not in line with the ‘Vistas of Prosperity and Splendour’ national policy framework, it will be dealt with in a sensitive manner.
When inquired by media that his faction did not speak up against the matter until a public outcry, the Minister claimed they have been holding discussions pertaining to the matter from the time they were made aware of the agreement.
He stated if it is becoming apparent that the LNG supply will be given to the relevant company for an extensive period, such sensitive matters will be discussed with the President.