Sri Lanka inks 20-year power purchase deal with India’s Adani Green
COLOMBO : Sri Lanka has entered into a 20-three hundred and sixty five days vitality aquire settlement with India’s Adani Green Energy Ltd for two wind vitality stations developed by the firm, a cabinet statement acknowledged on Tuesday.
Adani Green Energy, the renewable energy unit of the Adani Community, led by billionaire Gautam Adani, won the approval in February final three hundred and sixty five days to invest $442 million and produce the 484 megawatts wind vitality crops in Mannar city and Pooneryn village, each positioned in the Northern province of Sri Lanka.
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The firm may be paid 8.26 cents per kilowatt-hours (kWh) as per the settlement, the authorities acknowledged.
The Adani Community is additionally mad by building a $700 million terminal mission at Sri Lanka’s biggest port in Colombo.
The money-strapped South Asian island nation, which suffered from crippling vitality blackouts and gas shortages right through an economic crisis in 2022, has been making an strive to rapid-note renewable energy projects to hedge against surges in imported gas expenses.
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Source: Reuters
