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Indo-Lanka virtual LNG pipeline could bring down electricity costs: New Indian HC
View(s):The government has initiated discussions with India to set up a Kochi-to-Colombo virtual liquefied natural gas (LNG) pipeline that could bring down electricity tariffs.
“…we are also working to set up a virtual LNG pipeline from Kochi to Colombo to bring down electricity costs in Sri Lanka,” said newly appointed Indian High Commissioner in Colombo Santosh Jha while marking India’s 75th Republic Day on Friday.
Santosh Jha speaking at the event
The latest energy cooperation move between the two countries came in the wake of policy-level agreements on key projects, including a power grid connectivity project to enable Sri Lanka to export power to India and a joint initiative to develop Trincomalee as an economic hub.
Pointing out that India was Sri Lanka’s largest trading partner with bilateral trade of USD 6 billion by 2022, High Commissioner Jha expressed hope to “enhance economic partnership and Sri Lanka’s export potential through the early conclusion of the Economic and Technology Cooperation Agreement (ETCA).
To date, he noted that India had contributed more than USD 5 billion towards development partnerships, touching every district of the country.
The flag hoisting ceremony to mark the 75th Republic Day was held earlier on Friday at India House, while the reception was held later in the day.
Santosh Jha speaking at the event
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