Connect with us

News

Cabinet approval sought to expedite Trinco Oil Tank Farm project

Published

on

Cabinet approval has been sought to lease a 7.8 hectare area of land to the Ceylon Petroleum Corporation with effect from Jan. 06, 2022, in order to expedite the development of the Trincomalee Oil Tank Farm while implementing the relevant Quadripartite Agreement.

The Cabinet memorandum in this regard was tabled on Dec. 23 last year by Minister of Power and Energy – Kanchana Wijesekara.

On Jan. 06, 2022, the government of Sri Lanka inked a quadripartite agreement on January 06, with India to jointly develop the Trincomalee Oil Tank Farm. It was signed at the Finance Ministry with the Government of Sri Lanka, the Ceylon Petroleum Corporation (CPC), Lanka IOC and the subsidiary company Trinco Petroleum Terminal Pvt. Ltd. as the signatories.

In the subsidiary company named Trinco Petroleum Terminal Pvt. Ltd., established for the joint development of these 61 oil tanks, the CPC retained 51% while Lanka IOC held 49% of the issued shares of the joint venture company.

In parallel to that, the Commissioner General of Lands has leased a lot of land consisting of 24 oil tanks to the Ceylon Petroleum Corporation, while leasing another lot of land consisting of 14 oil tanks to the Lanka IOC PLC. In addition, a lot of land consisting of 61 oil tanks to Trinco Petroleum Terminal (Pvt.) Ltd. for 50 years.

Further, two plots of lands where the oil pipeline system is located, is to be leased to the Lanka IOC for 50 years, by keeping the right of way to the CPC and the Trinco Petroleum (Pvt.) Ltd.

In addition, the plot where 14 employee quarters of Lanka OIC are located is also to be leased to the Lanka IOC for 50 years.

Meanwhile, ‘The Hindu’ newspaper has reported that during the visit of Indian External Affairs Minister – S. Jaishankar later this week, talks are expected on two possible MoUs – on the Trincomalee development project and the long-pending plan for a cross-strait transmission line that would allow Sri Lanka access to India’s plans for an energy grid along with other countries like Nepal, Bhutan and Bangladesh.

“India is expected to give a positive response to Sri Lanka’s requirements, in keeping with India’s support last year as well,” the article had added, citing a source.

News

Court summons ex-AGM of People’s bank over major fraud

Published

on

By

The Attorney General has filed a case against one Vithanage Don Dayananda, a former Assistant General Manager (AGM) at People’s Bank head office, for allegedly preparing and using a forged document related to a Rs.2,000 million personal guarantee bond.

Colombo High Court Judge Lanka Jayaratne has fixed the case (HC 39/2019) for trial on October 30. When the case was called on July 01, the accused had appeared in court.

It is alleged that around June 01, 2006, in Colombo, the accused knowingly prepared a forged document purporting to show that a personal guarantee bond, allegedly signed and dated July 27, 1995, by directors of Yashoda Holdings (Pvt) Ltd.had been submitted to the bank’s head office. 

Despite being well aware that the document was a forged one, he had allegedly presented it as genuine evidence during the Commercial High Court Case No. 122/2004.

Therefore, the Attorney General has charged him under Section 459 of the Penal Code.

Related News : 

Continue Reading

News

2nd round of Grade 06 admission appeals open online today

Published

on

By

The Ministry of Education has announced that online appeals for the second round of Grade 06 admissions in 2025, based on the 2024 Grade 05 Scholarship Examination results, can be submitted from today (July 03) until July 17.

Parents or guardians can submit appeals for up to three schools by visiting the official website of the Ministry of Education at www.moe.gov.lk or directly via the extension at g6application.moe.gov.lk.

Continue Reading

News

Several showers expected today

Published

on

By

Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in Nuwara-Eliya, Kandy, Galle and Matara districts today (July 03), the Department of Meteorology said.

Showers or thundershowers may occur at a few places in the Uva province and in Ampara and Batticaloa districts during the afternoon or night.

Meanwhile, fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Northern, North-central and North-western provinces and in Trincomalee and Hambantota districts.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved