Colombo—Sri Lanka’s Power and Energy Minister says a fresh round of international tenders will be called in October 2016 in order to expedite the gas resources exploration process in the Mannar basin, near the Indian coastal region.
“In October we will call for International tenders to explore the gas deposits in the country” Power and Energy Minister Champika Ranaawake said. Earlier this year Cairn India announced its withdrawal from Mannar basin natural gas exploration following the global petroleum price slump. Currently, thermal generation that uses diesel, heavy oil, naphtha and coal accounts for 70 per cent of the island’s energy supply and hydro accounts for 30 per cent including other renewable sources.
The ministry of Power and Energy is keen on commercialising the natural gas deposits found by Cairn and have included it in the new 10-year national energy plan. ‘We have plans to convert our power plants, owned by the Ceylon Electricity Board that use diesel for power generation into gas in the future” the Minister said.