The Supreme Court today completed the consideration of the petitions filed against the agreement to vest 40 percent of shares of the Yugadanavi Power Plant in Kerawalapitiya to US firm New Fortress.
Accordingly, a five-member bench comprising Chief Justice Jayantha Jayasuriya, and justices LTB Dehideniya, Vijith Malalgoda, Buwaneka Aluvihare and Priyantha Jayawardena informed that a verdict on whether the petitions will be taken up for hearing will be announced in future.
The petitions were filed by over 10 groups including Venerable Elle Gunawansa thera, Archbishop of Colombo Cardinal Malcolm Ranjith, Parliamentarian Ranjith Madduma Bandara, former JVP MPs Sunil Handunnetti and Wasantha Samarasinghe.
The petitions state the decision reached by the Cabinet, to transfer 40% of shares of the Yugadanavi Power Plant to an American firm, was unjust.
The petition further states the respondent American firm will have a monopoly on the production of gas in Sri Lanka through the transfer of shares, adding a stringent tender procedure was not followed when transferring the shares.