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Press briefing of Cabinet Decision taken on 2020-07-22
Extension of the validity period of the Treasury Guarantee issued for the establishment of Letters of Credit to import coal for the Coal Power Plant at Norochcholai
- The validity period of the Treasury Guarantee issued to the People’s Bank by the General Treasury with regard to the import of coal by the Lanka Coal Company to the value of Rs.11 billion, is to expire on the 2020‑08‑31. Therefore, the proposal made by the Minister of Power & Energy to extend of the date of validity of the said Treasury Guarantee by another one year effective from that date, was approved by the Cabinet.