Adani Group has announced its decision to withdraw from further engagement in the RE Wind Energy project and two transmission projects in Sri Lanka. However, the company has said that they remain open to collaboration with Sri Lanka in future and look forward to working there if Sri Lankan government desires.
Adani Group had originally proposed to develop two wind farms with a total capacity of 484 megawatts in Sri Lanka’s Mannar and Pooneryn regions, with an investment of $740 million. The project was slated for completion by mid-2026.
Further, in May 2024, the previous Sri Lankan government agreed to purchase power from an Adani wind plant, which is yet to be built in the northwest region of the country, at $0.0826 per kilowatt-hour.
However, there was a lot of uncertainty about the project and finally Adani Group decided to pull the plug on the whole deal.
