Terminal News
The Colombo-based Sunday Times has reported that the Sri-Lankan government has cancelled the tender awarded to Engro, China-Pakistan consortium, and give it to Indian company, Petronet LNG.
The China-Pakistan consortium was selected last year as part of a step towards reducing the cost of power production.
The decision was made after the award of the contract was strongly objected by India.
There are concerns that this action will hold back future investors and contracts from the country.
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Carsten Schmidt and Martin Hücking took over responsibility for SGB GmbH as the new managing directors. Jost Berg is taking his retirement after 36 years, 35 of which as managing
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