Sri Lanka Adani Group’s wind power project has not been cancelled, a company spokesperson informed on Friday. Let us tell you that in some media reports it was claimed that Adani Group’s wind power project in Sri Lanka has been cancelled. Adani Group has termed the news of cancellation of 484 megawatt (MW) wind power projects in North Mannar and Poonarrin districts of Sri Lanka as false and misleading. In this matter, the company spokesperson said, “We clearly say that the project has not been cancelled.”
Cabinet decision on revaluation of tariffs follows a standard review process.
An Adani Group spokesperson said the Sri Lankan cabinet’s decision on January 2 to re-evaluate the tariffs approved in May 2024 is part of a standard review process, especially with a new government, to ensure that The company’s terms and conditions should not deviate from its existing priorities and energy policy. The group spokesperson further said that Adani Group is committed to invest $1 billion in Sri Lanka’s green energy sector.
Sri Lanka had to face severe shortage of electricity and fuel.
Let us tell you that Sri Lanka had to face a severe shortage of electricity and fuel during the economic crisis in the year 2022. This neighboring country of India is now trying to rapidly advance renewable energy projects while protecting itself against the rise in the cost of imported fuel.
The news of project cancellation was published in Sri Lankan newspaper.
Earlier, Daily FT, a leading business newspaper of Sri Lanka, had published news on this matter. The newspaper said that the Cabinet led by Sri Lankan President Anura Kumar Dissanayake has canceled the decision to award the contract to build wind power plants in Mannar and Poonarrin to Adani Green Energy SL Limited. This decision was taken before the elections last year and was approved by Sri Lankan President Ranil Wickremesinghe before Dissanayake.
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