Cabinet cancels spot and term tender coal procurements

The Cabinet of Ministers at its meeting on Sunday has approved the cancellation of the spot and term tender for the procurement of coal.

Power and Energy Minister Kanchana Wijesekera said the decision was taken on the recommendation of the technical committee and the procurement committee. He also said both were cancelled, as the bidders had failed to meet the qualification criteria and failed to comply with the tender guidelines, which are major deviations.

Minister Wijesekera stated that approval was accordingly given to the procurement committee to call for proposals from prospective suppliers and government to government proposals, on a long-term credit basis.

He said the requirements for the months of November and December will be fulfilled by advancing last year’s term tender coal supplies.