The GOSL could have got a corporate guarantee from NFEI that NFE would perform its obligations. The GOSL could have also got an agreement from NFEI that it would not sell the shares of NFE to any third party with the permission of GOSL. But that basic precaution would be too much Dear Minister: You have asked me to read the Sale and Purchase Agreement dated 17 September 2021 (the “Agreement”) between NFE Sri Lanka Power Holdings (“NFE”) and the Government of Sri Lanka (“GOSL”). The Agreement provides for the purchase of 40% of the issued share capital of West Coast Power (the “Company”), the o…

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