24 Jan 2025, 04:23 PM IST
The Adani Group has denied reports of the cancellation of its Sri Lanka power power deal, calling the reports as 'false and misleading'. The spokesperson of the ports-to-power conglomerate issued a statement on Friday, January 24, saying that reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading.
“We categorically state that the project has not been cancelled. The Sri Lankan Cabinet’s decision of 2 Jan 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. Adani remains committed to investing $1 billion in Sri Lanka’s green energy sector, driving renewable energy and economic growth,” said the Adani Group.
Earlier today, the Daily FT, Sri Lanka's leading business newspaper, reported that the Cabinet, led by President Anura Kumara Dissanayake, reversed the decision to give a contract for building wind power plants in Mannar and Pooneryn to Adani Green Energy SL Ltd. This decision, made in June last year and sanctioned by Dissanayake's predecessor, Ranil Wickremesinghe, involved a 484 MW wind power project.
- https://www.livemint.com/companies/...it-struggles-to-lure-cash-11737714296667.html
Sri Lanka's Power and Energy Ministry declined to comment. But two Ministry sources told Reuters they were still reviewing the project and the power purchase deal had not been revoked.
- https://www.thehindu.com/news/inter...ase-deal-with-adani-group/article69135788.ece
The Adani Group has denied reports of the cancellation of its Sri Lanka power power deal, calling the reports as 'false and misleading'. The spokesperson of the ports-to-power conglomerate issued a statement on Friday, January 24, saying that reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading.
“We categorically state that the project has not been cancelled. The Sri Lankan Cabinet’s decision of 2 Jan 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. Adani remains committed to investing $1 billion in Sri Lanka’s green energy sector, driving renewable energy and economic growth,” said the Adani Group.
Earlier today, the Daily FT, Sri Lanka's leading business newspaper, reported that the Cabinet, led by President Anura Kumara Dissanayake, reversed the decision to give a contract for building wind power plants in Mannar and Pooneryn to Adani Green Energy SL Ltd. This decision, made in June last year and sanctioned by Dissanayake's predecessor, Ranil Wickremesinghe, involved a 484 MW wind power project.
- https://www.livemint.com/companies/...it-struggles-to-lure-cash-11737714296667.html
Sri Lanka's Power and Energy Ministry declined to comment. But two Ministry sources told Reuters they were still reviewing the project and the power purchase deal had not been revoked.
- https://www.thehindu.com/news/inter...ase-deal-with-adani-group/article69135788.ece
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