The government is expected to announce the award of the contract for the development of the container terminal at the Colombo port as a Joint Venture with India by the end of this month, according the Memorandum of Understanding (MoU) signed between the two sides in New Delhi last week.
Among them is the Liquefied Natural Gas (LNG) fired 500 megawatt capacity LNG Power Plant.
For it, the government of Sri Lanka is required to issue a Letter of Intent to the Indian government or its representative by the end of May.
The project includes an LNG Terminal, Floating Storage Regasification Unit (FSRU) in Kerawalapitiya /Colombo; a piped gas distribution system; retail outlets for supply of Compressed Natural Gas (CNG) to the transportation sector; and conversion of liquid fuel-based power plants to R-LNG fired power plants in Sri Lanka.
