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As enacted
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Part VI · Acquisition and Leasing of Immovable Property for Projects

32. Lease of land or interest in land held by Authority

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

the Authority may with the approval of the

Minister, grant to a developer or a permit holder, as the case may be, by way of a lease, any land or interest in land held by the Authority for the purpose of any project for which a permit has been issued under Part V of this Act, subject to such terms and conditions as may be determined by the Minister, including the amount to be paid as lease rental, and in particular, but without prejudice to the generality of the foregoing provisions of this section, a condition to the effect that the lease agreement may be cancelled or amended in the event of a failure to comply with any term or condition specified in such agreement, or in the event of any money due to the Authority under such lease agreement remaining unpaid, for any such period as may be specified therein.

(2)

Nothing in the Crown Lands Ordinance shall affect or be deemed or construed to affect the grant of a lease of any state land, held by the Authority.

(3)

In the event of a cancellation of a permit issued to a developer or a permit holder to whom any land or interest in any land was granted under a lease agreement under subsection (1) of this section, such lease agreement shall,

Sri Lanka Sustainable Energy Authority notwithstanding anything to the contrary in the lease agreement or in any other law, be deemed to be cancelled with effect from the date of the cancellation of such permit.

Part VII

Energy Efficiency and Conservation Programmes

Part VIII

Finance

Part IX

Staff of the Authority

Part X

General

Schedules