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Quarry Villagers of Taksha and Silli are hopeful that the Punatsangchhu Hydropower Project Authority (PHPA)-I will practice its corporate social responsibility following the renewal of the Nyerachu stone quarry lease agreement. Daga gewog recently approved the proposal to renew the lease agreement for the Nyerachu stone quarry in Taksha.
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Tennakoon has raised the issue that the Sri Lankan government is not making profit out of a lease agreement, started in 1993, which gave Holcim Lanka mineral rights to a quarry in Aruwakkalu, Puttalam. In addition the cement producer was granted a 12-year tax holiday on funds borrowed from within Sri Lanka, the ministry claims.
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The quarry project is proposed by Mr. C. G. George as Managing Director of M/s Sri Lakshmi Stone Crusher. The lease area is private own land at Re-Survey No. 1561, Kanichar Village, Iritty Taluk, Kannur District, Kerala in area 0.9898 hectares. The project proponent possess Letter of Intent (LOI) for the quarry
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