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 Sugar Refinery Plant at Magam Ruhunupura Mahinda Rajapaksa Port

The Business Venture Agreement being signed between Dr.Priyath B.Wickrama - Chairman of SLPA, Executive Director of SLPA Dr.Sanjaya Sedara Senarath  and Mr.Rajesh Rawat - Director Lanka Sugar Refinery(Private) Limited, Mr.William Dharmadas (Lanka Sugar Refinery(Private) Limited. Additional Managing Director of SLPA Mr.Norman Weerarathne, Chief Engineer (Southern Port Development) SLPA Mr.Agil Hewageegana,Director (Technical)SLPA Mr.A.D.T.Gunasekara,  Director (Finance) SLPA Mrs.Shirani Wanniarachchi, Mr.Sumal Perera (Access International), Mr.Anuruddha Hikkaduwage -(Access International) and Mr. Vasan Vithodi-Lanka Sugar Refinery(Private) Limited are also in the picture.

In parallel to construction of Magam Ruhunupura Mahinda Rajapaksa Port (MRMR Port) in Hambantota, Sri Lanka Ports Authority (SLPA) received investment proposals from prospective local and foreign investors to establish businesses within the  port premises. Out of the 27 proposals received, the Cabinet of Ministers has approved 7 investment proposals, subsequent to the recommendations by Cabinet Appointed Negotiating Committee with the assistance of Technical Evaluation Committee. These proposals include proposals for setting up sugar refinery plant; cement grinding/ bagging plant, fertilizer plant, petro-chemical plant and warehouses. The proposal to establish sugar refinery plant was proposed by M/s Shree Renuka Sugars Ltd, India and they have formed its subsidiary local company Lanka Sugar Refinery Company (Private) Limited. Sri Lanka Ports Authority and Lanka Sugar Refinery Company (Private) Limited signed the Business Venture Agreement on 7th November 2012. The Business Venture Agreement was signed between Dr.Priyath B.Wickrama - Chairman of SLPA, Executive Director of SLPA Dr.Sanjaya Sedara Senarath  and Mr.Rajesh Rawat - Director -  Lanka Sugar Refinery(Private), Limited, Mr.William Dharmadas - Lanka Sugar Refinery(Private) Limited in the presence of Hon. Deputy Minister of port and Highways - Rohitha Abegunawardhane. 

Following the success of Magam Ruhunupura Mahinda Rajapaksa Port, implemented in the course of making Sri Lanka the future maritime hub in the region according to 'Mahinda Chinthana' policy document of His Excellency the President Mahinda Rajapaksa,  several more foreign investments will also be granted approval to initiate industries at the port premises in the near future.  

This Business venture agreement is signed for a term of 25 years and the expected total investment of this Business Venture is US $ 220 M. The initial capacity of this plant is 2000 tons/ day, which will be expanded up to 3000 tons/ day subsequently. Raw sugar is expected to import by the Business Venture for refinement at this proposed plant. The company is planned utilize local human resource to the maximum level and expected to engage 1500 -2000 work force during the construction period. During their steady state of operation, nearly 300 -350 are expected to employ by them in various technical and commercial   levels. Apart from the above nearly 1000 persons are expected to get indirect opportunities through this. The construction work of this plant is expected to complete within 24 months.(CPRD08112012)

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