July 02, Colombo: Sri Lanka President Mahinda Rajapaksa is to seek reelection in November, once the four years of his term is completed, a source close to the President said.

According to high level sources in the ruling party, plans are being made to hold the Presidential elections this year and the general election early next year to capitalize on the immense popularity that the President enjoys now due to his solid leadership in defeating the terrorism.

A re-election bid after completing 4 years of his term is in line with Sri Lanka's Constitution. According to the Constitution the President, at any time after the expiration of four years from the commencement of his first term of office, can declare his intention of a reelection, for another term.

President Rajapaksa will be completing 4 years of his presidency on November 19. He was elected as the fifth executive President of the country in 2005 for a six-year term that is to end in 2011.

Recently momentum was gathering for a move to extend President's term without an election. However the President has rejected the move saying that he has no intention to be in power beyond his term without seeking re-election following the democratic norms.