Minister of Power Gamini Lokuge says the agreement to transfer 40 percent of the shares of the Kerawalapitiya Yugadanavi Power Plant to an US firm is expected to be tabled in Parliament in the near future.
The Minister was responding to a question raised by the Leader of the National People’s Power Anura Kumara Dissanayake in Parliament today under Standing Orders 23/2.
MP Dissanayake questioned the government as to whether the relevant agreements were presented to the Cabinet of Ministers before and after the signing of the documents.
The Parliamentarian questioned the reasons behind the agreements not being tabled in Parliament adding all agreement pertaining to the transfer of state assets and future purchases must be tabled in Parliament.
He said Secretary to the Ministry of Finance SR Attygalle had signed the agreement at 12:06am.
MP Dissanayake said he believes this deal which exceeds US$ five billion is the largest deal in the country’s history.
He said the Cabinet is unaware of the agreement adding the Cabinet Papers they have received makes no mention of the deal.
Responding to the queries, Minister Lokuge claimed the agreements pertaining to the transfer of shares of the Yugadanavi Power Plant were signed with the aim of tabling them to the Cabinet of Ministers after the legal review process adding these agreements will be presented to the Cabinet and Parliament in the future.
The Minister said the framework of the agreement was tabled to the Cabinet on the 05th July 2021.