Adani Green Energy announced that she would withdraw from two wind projects provided for in Sri Lanka, according to a letter that the company sent to a Sri-Lankan government agency.
“Adani Green Energy has sent the decision of its board of directors to withdraw an additional commitment to the Re Wind Energy project and two transmission projects in Sri Lanka. However, we remain attached to Sri Lanka and are open to the future collaboration if the government of Sri Lanka wishes, “said a spokesperson for the Adani group.
Last month, the Sri Lankan government said it started talks with the Adani group to reduce the cost of projects, which cost a total of $ 1 billion.
As part of the agreement with Sri Lanka, Adani Green was to build two wind projects in the city of Mannar and the village of Pooneryn, both in the northern province of the country. Adani’s renewable energies division had reserved an investment of $ 442 million for wind energy production and transmission to Sri Lanka.
The Adani group is also involved in the construction of a 700 million dollar terminal project in the largest port in Sri Lanka in Colombo.
Sri Lanka, which was faced with serious strokes and fuel shortages during its economic crisis in 2022, worked to accelerate renewable energy projects in order to reduce its dependence on expensive imported fuel.
In May 2024, the former government of Sri Lanka had entered into an agreement to buy electricity at a rate of $ 0.0826 per kilowatt in an Adani wind installation planned for construction in the northwest region of the ‘island.
The opposition to the agreement came from activists who thought that small renewable energy projects were able to provide electricity at a cost significantly lower than Adani’s proposal.
