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Sri Lanka energy sector eyed by US firms, Govt assures US no more expropriations like Sevenagala

Sri Lanka energy sector eyed by US firms: envoy - LANKA BUSINESS ONLINE: "The business environment is right for American investments but sometimes it takes a little longer with government bureaucracy that is not true only in Sri Lanka"

"Within the next few years we will see more investment coming," she said.

Sri Lanka's rulers, who have violated property rights of both citizens and non-citizens repeatedly since independence from British rule, resumed the activity last year.

Micheal Delaney assistant US trade representative for South Asia told reporters earlier in the month that the US has been assured that there would be no more expropriations.

"We have expressed our concern about that to the government of Sri Lanka," Delaney said.
"It has been characterized to us as an exceptional one-off act. We have been encouraged not to see that as a pattern or any model for future action."

Following the passage of the law which legislators said was ad hominem and trespassing on the separation of powers between the legislature and parliament, the intention to re-take privatized plantations lands have been announced.

The plantations themselves were expropriated at one time. In many authoritative, fascist-nationalist or left-leaning states the energy sector has been a favourite target for expropriation.
Sri Lanka energy sector eyed by US firms, Govt assures US no more expropriations like SevenagalaSocialTwist Tell-a-Friend

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