Iranian funded development project suspended

by admin
Nov 11, 2012
An Iranian funded development project in Uma Oya has been suspended, prompting the Ceylon Electricy Board to meet and discuss the situation, reported the Island.

The project was suspended after a number of issues were reported, including overdue payments and Sri Lanka deciding to purchase crude oil from countries other than Iran, upon which Sri Lanka was almost fully reliant on for supplies.

Sri Lankan President Mahinda Rajapaksa inaugurated the project on the 8th of August 2012 with Iranian officials, which was set to provide 100-150 MW of hydro power and irrigate around 4,000-5,000 hectares of dry land near central Sri Lanka.

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