The company said in a statement on Wednesday that Adani Green Energy Limited retreated two renewable energy wind farms in Sri Lanka.
Adani Green Energy had discussed the Ceylon Electricity Board (CEB) and government departments for more than two years for the establishment of two 484 MW (MW) renewable energy wind farms in Mannar and Poonreen, Sri Lanka.
The project included the respective transmission system, as well as additional 220 kW (KV) and 400 kV transmission network expansion to carry electricity to the southern part of the island nation.
Adani Green Energy said that till date it has spent some $ 5 million on retrospective activities.
The company said that its officials were interacting with officials of CEB and Sri Lankan Ministry in Colombo.
“… it was discovered that another cabinet appointed talks committee (CANC) and Project Committee (PC) would be constituted to re -organize the project proposal. This aspect was deliberately done in our company’s board and It was decided that the company completely completely Adani Green Energy said in a statement, “Sri Lanka’s sovereign rights and its choice have been respected, it would honorly withdraw from the said project.
“As we bends out, we want to confirm that we will always be available for the Sri Lankan government, which gives us any development opportunity, if it ever considers the Adani Group to participate. We Want to express his best wishes and gratitude to the government for the opportunity of engagement, “Adani Green Energy said.
Before the company withdrew from the construction of two projects, Adani Green Energy teams discussed several rounds with state-appointed committees and after more than 14 round discussions, the tariff was approved, fixed for 20 years. , For power procurement agreement.
“Adani Green also worked on all clearance and license. With the exception of Mannar environmental approval and an affiliated Supreme Court case, we have given almost all approval. Similarly, we have worked on land for the project, as well as together The affiliated transmission system, ”said Adani Green Energy.
Adani Green Energy won the approval in February 2023 to invest $ 442 million and to develop 484 MW wind power plants in Mannar Town and Poonreen village, both were located in the northern province Sri Lanka.
Adani Green Energy Limited (Agel) is one of the largest renewable companies in India, with a 20,434 MW current project portfolio. The AGEL uses grid-connected solar and wind farm projects on utility-prime mines, construction, ownership, operation and maintenance. The electricity generated is supplied to the central and state government institutions and the government -supported corporations.
(Disclaimer: New Delhi Television AMG Media Networks Limited is a subsidiary of a Adani group company.)
