10 March 2022 09:32 am Views - 164
New York-based gas-to-power developer New Fortress Energy (NFE) will continue with the plans for the Sri Lanka LNG project after the country’s court discharged the opposing development, the NFE said.
NFE said that it has issued this statement following a favourable ruling on March 4 by the Supreme Court of Sri Lanka.
The court considered the merits of all the fundamental rights petitions filed seeking to halt NFE’s development of natural gas power solutions in Sri Lanka. Then, the Court fully dismissed the petitions without further hearing.
New Fortress will have gas supply rights to the Kerawalapitiya Power Complex. It will initially provide the government an estimated 1.2 million gallons per day of LNG. This will supply both the currently operational 310 MW Yugadanavi and an additional 350 MW at the Sobadanavi Power Plant. The latter will start operations in 2023, the statement said.
The definitive agreement is subject to customary conditions, it added.