November 20, Colombo (LNW): The long-awaited development of the Sapugaskanda oil refinery is expected to get underway shortly, Minister of Power and Energy Kumara Jayakody informed Parliament today (20).
The project is to be carried out under a build–operate–transfer arrangement, marking a significant step in the government’s efforts to modernise the country’s energy infrastructure.
According to the Minister, the process of selecting the project’s controlling entity is now in its final stages, with officials reviewing the remaining proposals before a decision is made.
He added that approximately Rs. 171 million has already been allocated for the feasibility assessment, which examined technical requirements, financial viability and long-term operational considerations.
Jayakody noted that once operational, the upgraded refinery is expected to enhance domestic fuel-processing capacity, reduce reliance on imports and pave the way for greater energy security.
