(This article was originally published in Daily FT on 21st July 2016)
By Ashwin Hemmathagama – Our Lobby Correspondent
Power and Renewable Energy Minister Ranjith Siyambalapitiya yesterday in Parliament rejected the possibility of fraud in the controversial coal tender, saying that he was confident that all transactions were transparent and legal.
He accused the Opposition of using the wrong formula to calculate the price impact.
Minister Siyambalapitiya urged Parliament to wait for the newly-appointed committee report due by the end of this month.
“In November 2014, the Government floated a tender for the supply of coal for 2015. According to the Minister, eight companies including the old supplier Nobel and the current supplier Swiss Singapore submitted offers. Nobel’s offer got rejected for failing to meet the 1987 regulations on state contracts. However, the tender board allowed Nobel to contest based on the advice of the Attorney General.