Adani denies cancellation of wind power project

Saturday, 25 January 2025 01:02 - - {{hitsCtrl.values.hits}}

Says Cabinet decision to re-evaluate tariff approved in May 2024 is part of standard review process, particularly with a new Govt.
Reaffirms commitment to investing $ 1 b in Sri Lanka’s green energy sector

Adani Group yesterday denied cancellation of its 484 MW wind power project in Mannar and Pooneryn.

In a statement Adani said reports of cancellation 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 re-evaluate 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 said.

“Adani remains committed to investing $ 1 billion in Sri Lanka’s green energy sector, driving renewable energy and economic growth,” the statement added.

As opposed to Adani’s reference to “cancellation” the Daily FT yesterday exclusively reported that on 30 December the Cabinet decided to “revoke the cabinet decision dated 2024-05-06 numbered CP No. 24/0850/621/047 submitted by the then Minister of Power and Energy on ‘Proposal of Adani Green Energy SL Limited for the Development of 484 MW of Wind Power Plants in Mannar and Pooneryn.”

The report also stated the Cabinet has appointed a new Project Committee and Procurement Committee to make recommendations regarding Adani’s proposal.

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