HomeCURRENT AFFAIRSBUSINESSAdani Group gets provisional approval for energy projects in Sri Lanka

Adani Group gets provisional approval for energy projects in Sri Lanka

Adani Green Energy has received provisional approval for two projects in neighboring Sri Lanka. Under this, Adani Green will start two wind projects of 286 MW and 234 MW in the northern region of Sri Lanka with an investment of more than $ 500 million (Rs 3981.28 crore). Sri Lanka’s Energy and Power Minister Kanchan Wijesekara gave this information on Wednesday 17 August. This is the first official announcement of two investments of the Adani Group in the energy sector in Sri Lanka, which is facing severe crisis.

21 projects were delayed due to amendment in CEB Act

Wijesekara informed in a tweet that he had met the government-owned Ceylon Electricity Board (CEB) and the Sustainable Development Authority. In this, the progress of renewable energy projects was discussed. Adani Green Energy has been sanctioned 286 MW wind projects in Mannar and 234 MW in Pooneerin. Apart from this, he made another tweet. In this, he said that 21 out of 46 projects were delayed due to amendment in CEB Act, now they will have PP agreements next week.

The Adani Group inked a deal in September 2021 last year to develop and run the Western Container Terminal at the strategically important Colombo port. After this, the company is also looking at possibilities in the energy and wind sector of Sri Lanka. This information was given by a senior official of CEB last year. Now two investments of Adani Green Energy in the energy sector have been officially announced. Adani Group had also bid for Eastern Container Terminal (ECT) but due to opposition and local port trade unions, this effort could not be successful.

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