Sri Lanka is gearing for a US entry into the country's power and energy sector after the US Embassy submitted an unsolicited proposal from two American companies for a liquefied natural gas venture to generate emergency power, according to papers submitted to the Cabinet.

US-based companies New Fortress and General Electric (GE) had forwarded a project proposal through US Ambassador Alina Tepliz, “proposing a Liquid Natural Gas (LNG) solution to meet this emergency requirement”, says a Cabinet memorandum recently submitted by Minister Dullas Alahapperuma.

The proposal was then submitted to the Cabinet before the general election in August. Minister Alahapperuma says the US Ambassador met him and “expressed the interest of the Government of the United States of America in promoting this project that offers power at US$ 0.099 [Rs 18.29] per kilowatt hour…for a period of five (5) years”.

http://www.sundaytimes.lk/201115/news/govt-gearing-for-us-entry-into-power-sector-422553.html