Adani Green Energy introduced that it’s going to withdraw from two deliberate wind power tasks in Sri Lanka, in accordance to a letter the corporate despatched to a Sri Lankan authorities company.
“Adani Green Energy has conveyed its Board’s resolution to respectfully withdraw from additional engagement within the RE wind vitality mission and two transmission tasks in Sri Lanka. Nevertheless, we stay dedicated to Sri Lanka and are open to future collaboration if the Authorities of Sri Lanka so wishes,” a Adani Group spokesperson mentioned.
Final month, the Sri Lankan authorities mentioned it had began talks with the Adani Group to scale back the price of electrical energy from the tasks, which had been estimated to price a complete of $1 billion.
Below the cope with Sri Lanka, Adani Green was to construct two wind power tasks in Mannar city and Pooneryn village, each within the northern province of the nation. Adani’s renewable vitality division had earmarked a $442 million funding for wind power era and transmission in Sri Lanka.
The Adani Group can also be concerned in setting up a $700 million terminal mission at Sri Lanka’s largest port in Colombo.
Sri Lanka, which confronted extreme power blackouts and gas shortages throughout its financial disaster in 2022, has been working to pace up renewable vitality tasks to scale back its reliance on costly imported gas.
In Could 2024, the previous authorities in Sri Lanka had reached a deal to buy electrical energy at a fee of $0.0826 per kilowatt from an Adani wind power facility deliberate for building within the northwest area of the island.
Opposition to the settlement got here from activists who believed that smaller renewable vitality tasks had been ready to present electrical energy at a considerably decrease price in contrast to Adani’s proposal.
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