MINISTER OF POWER AND ENERGY TO VISIT
THE UNITED STATES OF AMERICA
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
12 August 2004