The newspaper said a team of India nuclear experts would visit Sri Lanka would study the feasibility of starting a Thorium reactor and submit the report to the Sri Lankan government and the International Atomic Energy Authority (IAEA).
Sri Lanka would then pursue the idea further with India, the report said.
Vitharana had told the newspaper that Sri Lanka had Thorium deposits in the Western coast of the island from Beruwala to Negombo, which is an areas stretching South and North of the capital, Colombo.
Thorium based nuclear energy is still largely in experimental stages.
"The Indians have developed a technology to enrich Thorium as a source of energy to produce electricity," minister Vitharana was quoted as saying.
"They are on the verge of commissioning a