Adani Group Gets Sri Lanka’s Nod for $500 Million Wind Power Projects

The Energy Minister in Sri Lankan Government, Kanchana Wijesekara has announced that India’s Adani Green Energy has been issued provisional approvals for the development of two wind power projects in Northern Province of Sri Lanka. He said in a Tweet on social media that the two wind power plants will attract an investment of over $500 million.

The Minister of the island country added that Adani Green Energy was issued provisional approvals for two wind projects of 286 MW and 234 MW for an investment of more than $500 million. The two green energy farms will be coming up in Mannar and Pooneryn respectively. He also stated that he met officials from Ceylon Electricity Board (CEB) and Sustainable Development Authority (SDA) with regards to the progress of renewable energy projects.

Wijesekara said in another Tweet, “21 of 46 Projects that were delayed due to CEB Act amendments will enter into PP agreements next week. 26 Renewable proposals from EOIs that were given Provisional Approvals to be expedited with Grid clearance and transmission plans and other proposals to be evaluated within 30 days.”

In March, the Adani Group had signed a Memorandum of Understanding (MoU) with the Sri Lanka Government bagging two renewable energy generation projects of considerable size in the neighbouring country. At the time, there was no official confirmation either from Adani Group or the Government of Sri Lanka.

Now Sri Lanka has assigned three major renewable energy projects in the North and Eastern Provinces. Recently, Ceylon Electricity Board (CEB) and National Thermal Power Corporation (NTPC) joined hands for a joint venture to set up a 50MW solar power park in Sampur area of Trincomalee.

Additionally, Adani Group Chairman Gautam Adani held talks with the Sri Lanka President during his visit to Sri Lanka recently.

Sri Lanka is also implementing a ‘Renewable Energy Generation Plan’ to enhance the renewable energy generation and its share in the energy mix of the country to offset energy import burden as the economy is already in doldrums.