Minister Premajayantha to discuss with the US Government, power companies and the World Bank power
and energy sector development

Minister of Power and Energy of Sri Lanka, Hon. Susil Premajayantha, will visit Washington D.C. from August 12-13, 2004. While in Washington DC, the Minister of Power and Energy will meet with Senior Officials of the US Trade and Development Agency (USTDA) to discuss areas of financing in the power and energy sector under the USTDA technical assistance program. The Minister will also meet with Senior Executives of major US energy companies to discuss investment opportunities in the energy sector in Sri Lanka.

The Minister’s discussions with USTDA officials will be within the framework of the agreement signed (July 2003) between the US and Sri Lanka for the award of US$ 560, 000 to fund technical assistance program for providing consultancy services on the development of a 300MW coal fired power plant.

Among the US companies who have invested in Sri Lanka and have ongoing power projects are, Caterpillar Power Ventures Corporation and AES Corporation, USA. Caterpillar Power Ventures Corporation has invested in a US$ 60 million joint venture power generation project in Sri Lanka with Aitken Spence Company. The Joint Venture Company ACE Power Embilipitiya Pvt. Ltd. has started construction of a 100 MW power plant at Embilipitiya. AES Corporation, USA owns the Kelanitissa Pvt. Ltd. (AESK), a 163 MW diesel fired combined cycle power facility near Colombo.

Minister Premajayantha will also meet with Senior Officials of the US Energy Association (USEA) to discuss ways of enhancing a partnership with Sri Lanka on issues related to power regulation, transmission and utilities.

In a meeting with Vice President, South Asia Region of the World Bank, the Minister will discuss issues related to the power sector in Sri Lanka.

The visit of Minister Premajayantha is part of an ongoing process of high level consultations on Sri Lanka’s efforts to diversify its power generation system.

Embassy of Sri Lanka
Washington DC

12 August 2004


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