News of cancellation of project was printed in Sri Lankan newspaper
The wind power project of Adani Group in Sri Lanka has not been canceled, a spokesperson of the company gave information about it on Friday. Let us tell you that in some media reports it was claimed that the wind power project of Adani Group in Sri Lanka has been canceled. The Adani Group has described reports of cancellation of 484 MW (MW) wind power projects in North Mannar and Poonarin districts of Sri Lanka as false and misleading. In this case, the company spokesperson said, “We clearly say that the project has not been canceled.”
Cabinet decided to revaluate tariffs a standard review process
A spokesman for Adani Group said that to reevaluance the tariffs approved in May 2024, the Sri Lankan cabinet decision on 2 January is part of a standard review process, especially with a new government to ensure that it can be ensured that The terms of the company should not be separated from their current priorities and energy policy. The group spokesperson further said that Adani Group is committed to investing $ 1 billion in Sri Lanka’s Green Energy Sector.
Sri Lanka had to face the severe shortage of electricity and fuel
Let us tell you that Sri Lanka faced 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 pursue renewable energy projects, defending itself against the bounce in the cost of fuel to be imported.
News of cancellation of project was printed in Sri Lankan newspaper
Earlier, a major business newspaper from Sri Lanka Daily FT published the news in the case. It was said in the newspaper that the cabinet led by Sri Lankan President Anura Kumar Disanayake has canceled the decision to give the contract to build Wind Power Plants in Mannar and Poonreen to Adani Green Energy SL Limited. The decision was taken before the election last year and it was approved by Sri Lankan President Ranil Wickramasinghe before Disinayake.
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