International Coal Tender awarded to Indonesian company
Posted on December 27th, 2022
Courtesy The Daily Mirror
The international tender to purchase coal was awarded to an Indonesian company called ‘Arista Mitra’, the Lanka Coal Company (LCC) announced today (27). This announcement comes after the Cabinet cancelled the tender that was initially awarded to United Arab Emirates-based Black Sand Commodities FZ-LLC due to a legal case filed over the awarding of the tender after which LCC subsequently had called for a new international tender to purchase coal.
According to LCC Chairman Shehan Sumanasekara, the awarded tender is 720 000 Metric Tonnes, with 12 shipments scheduled to arrive.
Power and Energy Minister Kanchana Wijesekera said the coal tender that was awarded on 25 August to the aforementioned supplier was cancelled by Cabinet last Thursday on the request of the Ministry as the selected supplier had communicated their inability to perform the tender citing concerns on the impact on legal cases filed, and payment guarantee risk.