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"The government of course has plans to develop coal fired power generation in Sri Lanka and we are very interested in following that up," Ambassador Greg French said Wednesday addressing a seminar by the Bandaranaike Centre for International Studies.
"We believe that we have the best product for firing those coal fired power generation stations as they come on line.
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Sri Lanka is already building a Chinese funded 300 MegaWatt coal plant in the Western coast of the island and plans are being made to build a joint venture 500MW coal plant with India's National Thermal Power Corporation in the Eastern coast.
French said his country was the world's top exporter of steaming coal for energy generation and coking coal for steel-making.
Australia is also building the first carbon dioxide sequestered coal fire power plant which will not emit exhaust gas to the atmosphere, but bury it.
"Within a couple of years, Australia will have the worlds first carbon-neutral coal fired power plan