Adani Group chairman to meet SL president today

TPL | Published: 9:43 AM Oct 25 2021
Local Adani Group chairman to meet SL president today

Gautam Adani, chairman of India’s Adani Group, is scheduled to meet President Gotabaya Rajapaksa in Colombo today (25), ‘The Hindu’ reports quoting official sources in Colombo and New Delhi.

The Adani Group has been chosen to develop the West Container Terminal (WCT) at the Colombo.

“It is a private visit and Mr. Adani is expected to meet the President to discuss the West Container Terminal project,” a senior has said.

The source requested anonymity while confirming the “high profile visit” that is said to include meetings with “top Sri Lankan dignitaries”.

His visit comes less than a month after the Adani Group, in a virtual ceremony, signed a Build-Operate-Transfer agreement with John Keells Holdings and the Sri Lanka Ports Authority, to jointly develop the WCT.

As per the 35 year-long BOT agreement, the Adani Group will have majority 51% stakes in the project, while John Keells will hold 34% and the SLPA 15%.

According to sources in India familiar with the development, Mr. Adani “is interested in projects related to ports, power and renewable energy” in Sri Lanka.

“Mr. Adani will discuss possible projects in these sectors when he meets President Rajapaksa,” a source said.

TPL | Published: 9:43 AM Oct 25 2021

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