ECONOMYNEXT – Sinopec has decided to double the capacity of the new refinery in Hambantota from the original proposal and investment, Energy Minister Kanchana Wijesekera said.
Officials of Sinopec Overseas Investment Holding Pvt Ltd (SOIHL) visited the Ministry of Power and Energy on Wednesday.
“The officials indicated that the management of Sinopec has decided to double the capacity of the Refinery form the original proposal and the Investment. They intend to sign the agreements for the project and commence work by June 2024,” Wijesekera said on social media platform X (twitter).
“The officials led by Vice President of SOIHL, updated on the progress of the negotiations with stakeholders for the construction of the Proposed New Refinery in Hambantota.”
Discussions regarding the water supply, power supply, land allocation and BOI facilities will take place today with the relevant authorities, the minister said. (Colombo/Mar28/2024)