Sep 23, 2019

Swiss Singapore Overseas wins Sri Lanka coal deal

Swiss Singapore Overseas (Pte) Ltd, a commodity trader, has won a deal to supply 300,000 metric tonnes of coal to Sri Lanka.

The cabinet of ministers had cleared the award the proposal made by the power and energy minister, the state information office said.

Sri Lanka’s Ceylon Electricity Board operates three 300MegaWatt coal power station in Norochcholai in the West Coast.

In the five months to May 2019, Sri Lanka generated about 35 percent of power or 2,340 GigaWatt hours using coal.

(Economy Next)