Sri Lanka Pays for Russian Coal to Ease Energy Crisis

Sri Lankan government officials said Sri Lanka has paid $26 million for two cargo ships of Russian coal to ease the energy crisis in the country.

State-run People’s Bank of Sri Lanka paid $26 million to SUEK AG’s Singapore unit through a telegraphic transfer, the officials said. The two Russian cargo ships carried about 120,000 tonnes of Russian coal.

Power Minister Kanchana Wijesekera confirmed that the payment had finally been made.

The ships had been stranded on the coast for days because of non-payment of dues.

“These cargos are sufficient enough to run the 900 megawatts power plant till September,” the official said. Coal supplies are critical because 40 to 50 percent of these have been sustaining Sri Lanka’s power supply, Wijesekera added.

Wijesekera said that Sri Lanka will make another $30 to 40 million payment for two more cargos with 120,000 tonnes of South African coal supplied by Suek AG in about a month’s time.

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