Minister of Energy Udaya Gammanpila says he will not support any international agreement that will be detrimental to Sri Lanka.
Speaking during a media briefing regarding the decision reached by the government to handover 40% of shares of the Yugadanavi Power Plant in Kerawalapitiya to the American New Fortress Energy company, Minister Gammanpila said he does not approve of handing over the gas supply monopoly in the country to a US-based company till 2028.
The Minister said if an auction is held by the end of this year, Sri Lanka will be able to produce gas within three years.
He added if the programme commences in 2022, the country will be able to produce gas from 2025.
Minister Gammanpila said however handing the monopoly to an American company will be a barrier to attract investors to produce gas locally.
The Minister claimed despite having experts in the Energy Ministry, no representative of the subject Ministry was involved in the process to sign the agreements with the American company.
Minister Udaya Gammanpila said the Cabinet of Minister has been granted two observational tours by the Energy Minister, adding that they will be provided two more tours.
He claimed he is unsure how long discussions pertaining to the agreement over gas production were held, adding however several international agreements are being signed in haste, as they present conditions and the government agrees.
The Minister reiterated however that he will not sign any agreement that is unfavourable to the country.
Commenting on the stance a group of MPs within the present administration have in the government, including himself, Minister Gammanpila claimed they act as watchdogs.
He added if the owner of the house disregarded the watchdog instead of identifying possible dangers based on warning signs, it would lead to their own destruction.