Sri Lanka should withdraw bank note with malfunctioning Chinese coal plant: legislator

Aug 14, 2012 (LBO) – Sri Lanka should withdraw a currency note bearing the picture of a Chinese built coal plant that was contracted out without open tendering and is now continually breaking down, a legislator has said. Sri Lanka’s central bank placed the picture of a 455 million US dollar coal power plant built by China Machinery and Engineering Corporation (CMEC) through a deal that was not openly tendered in a 1000 rupee noted issued in 2011.

The plant has been constantly breaking down and amid a drought which reduced hydro generation is breakdowns had plunged the country into its first power cuts in more than a decade.

Legislator Harsha de Silva, representing the main opposition said the plant in Norochcholai on the west coast of Sri Lanka was used to depict “development and prosperity” of Sri Lanka in a currency note.

He said in a statement that it was amusing that authorities had “thought it fit to depict this symbol of corruption in the guise of development as our nation’s pride in ˜development and prosperity’.”

The deal for the coal plant was struck between the ruling classes of the two countries without open tendering through what is generally referred to in statist nations as ‘governm