Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn

The Adani Group has strongly denied reports that its wind power projects in Sri Lanka have been cancelled. A company spokesperson clarified that the recent cabinet review is a standard process for a new government and does not impact the project's status. The group remains committed to its $1 billion investment in Sri Lanka's green energy sector. Despite media speculation, the wind power projects in Mannar and Pooneryn are proceeding as planned.

"We categorically state that the project has not been cancelled" - Adani Group Spokesperson

by ANI January 24, 2025 90 views

Ahmedabad, January 24: Reports that Adani Group's 484 megawatts (MW) wind power projects in Sri Lanka's northern Mannar and Pooneryn districts have been cancelled are false and misleading, an Adani Group spokesperson said Friday.

Key Points

1. Adani Group maintains wind power project in Mannar and Pooneryn

2. Cabinet's tariff review is standard procedure for new government

3. Company committed to $1 billion green energy investment in Sri Lanka

"We categorically state that the project has not been cancelled," the spokesperson said in a brief statement.

The Sri Lankan Cabinet's decision of January 2, 2025 to reevaluate the tariff approved in May 2024 is part of a standard review process, particularly with a new government, to ensure that the terms align with their current priorities and energy policies, the spokesperson asserted.

The spokesperson further affirmed that Adani Group remains committed to investing USD 1 billion in Sri Lanka's green energy sector.