Ahmedabad:
Adani Group on Friday rejected all the reports which claimed that 484 MW wind power projects awarded to Adani Group companies in Mannar and Puneri in Sri Lanka have been cancelled. Terming such reports as ‘false and misleading’, the company spokesperson said that the group is committed to investing about one billion dollars in Sri Lanka’s green energy sector.

Adani Group spokesperson said in his statement, “The reports of cancellation of Adani Group’s 484 MW wind power projects in Mannar and Pune are false and misleading. We clearly say that the PPA (Power Purchase Agreement) will not be canceled. Has been done.”

The spokesperson further said, “The decision taken by the Sri Lankan Cabinet on January 2 to re-evaluate the agreed tariffs in May 2024 is part of a general review process, particularly as a new government ensures that the terms of the deal are in line with its current priorities.” And are consistent with energy policies.”

Adani Group spokesperson said that Adani Group is committed to invest one billion dollars in Sri Lanka’s green energy sector. Sri Lanka signed a 20-year power purchase agreement with the company for two wind power stations developed by Adani Green Energy.

In February 2023, Adani Green Energy received approval to invest $442 million to develop a 484 MW wind energy plant in Mannar Town and Poonari Village. Both of them are located in the northern province of Sri Lanka. According to the agreement, the company will be paid 8.26 cents per kilowatt-hour (kWh).

Adani Group is building a terminal at Sri Lanka’s largest port in Colombo at a cost of $700 million.

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