Latest ads
-
RHCSA, RHCE, AWS, Docker, Kubernetes Training- Sanjeewani95
- Updated:
-
🛡️ Kaspersky Antivirus – 1 Year / 1 Device | Rs. 2,300 | Only 9 Left- KSPathirana
- Updated:
-
Professional CCTV Installation Service
- Techguy231
- Updated:
-
I'll research & write an article - Rs. 2000 onwards
- Blogerwiki
- Updated:
-
House Plan- lenura
- Updated:
හිටපු ජනාධිපති තුමාට මොකක් හරි ප්රශ්නයක
- Thread starter Casinoboy
- Start date
http://lankanewsweb.net/exclusive/4...a-50-commission-from-the-norochcholai-project
Before signing the agreements, the necessary feasibility studies and financial surveys had been carried out for several years. The agreements were then drafted in a manner that would benefit Sri Lanka. Accordingly, the Chinese government has agreed to a loan of US$ 280 million on a 0.5% interest to be paid back within a period of 30 years for the Norochcholai coal power plant.
It is interesting to note that the day before these agreements were singned, on 26th August 2005, then Cheif Justice Sarath N. Silva had decided that President Chandirka Bandaranayake Kumarathunge must resign from her post within year 2005. In this backdrop, the President had asked the Chinese government to ensure that the foundation stones for these projects are laid within three months after signing the agreements. The President had also asked the Chinese government not to pay any commissions or bribes to any officials in connection to the projects and to get the services of world renowned construction companies to carry out the projects. The Chinese government has accordingly enlisted the services of a well known Chinese construction company to assign the Norochcholai coal power plant project.
However, after assuming office as the President in 2005, Mahinda Rajapaksa had summoned the senior officials of the Chinese construction company in 2006 and informed that he needed a payment of 50% of the project cost. Shocked by the request, the Chinese officials have said that the profit share for their company from the project is estimated at 25%. However, the Chinese have said that the company usually pays 3% of the project value as commission and would therefore be able to pay a maximum of 5% as commission in this instance.
An angry President had then shouted at the Chinese saying, “If you can’t work the way I want, you better get out.” The Norochcholai coal power plant project was then delayed for a period of two years until a suitable construction company was identified for the project. Dr. Jayasundera had then met with the Chinese government officials on several occasions and pleaded with them to find another construction company for the power project. However, all Chinese construction companies with experience to build coal power plants had rejected the offer saying they were unable to make
Before signing the agreements, the necessary feasibility studies and financial surveys had been carried out for several years. The agreements were then drafted in a manner that would benefit Sri Lanka. Accordingly, the Chinese government has agreed to a loan of US$ 280 million on a 0.5% interest to be paid back within a period of 30 years for the Norochcholai coal power plant.
It is interesting to note that the day before these agreements were singned, on 26th August 2005, then Cheif Justice Sarath N. Silva had decided that President Chandirka Bandaranayake Kumarathunge must resign from her post within year 2005. In this backdrop, the President had asked the Chinese government to ensure that the foundation stones for these projects are laid within three months after signing the agreements. The President had also asked the Chinese government not to pay any commissions or bribes to any officials in connection to the projects and to get the services of world renowned construction companies to carry out the projects. The Chinese government has accordingly enlisted the services of a well known Chinese construction company to assign the Norochcholai coal power plant project.
However, after assuming office as the President in 2005, Mahinda Rajapaksa had summoned the senior officials of the Chinese construction company in 2006 and informed that he needed a payment of 50% of the project cost. Shocked by the request, the Chinese officials have said that the profit share for their company from the project is estimated at 25%. However, the Chinese have said that the company usually pays 3% of the project value as commission and would therefore be able to pay a maximum of 5% as commission in this instance.
An angry President had then shouted at the Chinese saying, “If you can’t work the way I want, you better get out.” The Norochcholai coal power plant project was then delayed for a period of two years until a suitable construction company was identified for the project. Dr. Jayasundera had then met with the Chinese government officials on several occasions and pleaded with them to find another construction company for the power project. However, all Chinese construction companies with experience to build coal power plants had rejected the offer saying they were unable to make
Last edited:
Similar threads
