Adani Group denies cancellation of wind power projects in Sri Lanks's Mannar and Pooneryn
Adani Group's Wind Power Projects in Sri Lanka: False Cancellation Reports
Reports suggesting that Adani Group's 484 megawatts (MW) wind power projects in Sri Lanka's northern Mannar and Pooneryn districts have been cancelled are incorrect, according to an Adani Group spokesperson. The spokesperson clarified, "We categorically state that the project has not been cancelled."
The Sri Lankan Cabinet's decision on January 2, 2025, to reevaluate the tariff approved in May 2024 is part of a routine review process. This is especially common with a new government to ensure that the terms align with their current priorities and energy policies.
Furthermore, the spokesperson confirmed that Adani Group is committed to investing USD 1 billion in Sri Lanka's green energy sector.
Doubts Revealed
Adani Group
Adani Group is a big company in India that does many things like building ports, making electricity, and more. It is owned by a businessman named Gautam Adani.
Wind Power Projects
Wind power projects are places where electricity is made using the wind. Big fans called wind turbines catch the wind and turn it into electricity.
Sri Lanka
Sri Lanka is a small island country near India. It is in the Indian Ocean and is known for its beautiful beaches and rich history.
Mannar and Pooneryn
Mannar and Pooneryn are areas in Sri Lanka where the wind power projects are planned. They are known for having good wind conditions for making electricity.
Tariff
A tariff is the price or cost that is set for something, like electricity. The government sometimes reviews tariffs to make sure they are fair.
USD 1 billion
USD 1 billion means 1 billion US dollars. It is a lot of money, and Adani Group plans to invest this amount in Sri Lanka's green energy projects.
Green Energy
Green energy is a type of energy that is good for the environment. It comes from natural sources like the sun, wind, and water, and does not pollute the air.
Your email address will not be published. Required fields are marked *