Adani set foot in Sri Lanka..!? 500 million US dollars investment..!

India's adani Green Energy Company has been granted provisional approval for two wind power projects in Sri Lanka. Sri Lanka's minister of electricity and Energy has said that India's adani Green Energy Company has been granted provisional approval for two wind power projects in Mannar and Puneri with an investment of USD 500 million. kanchana Wijesekara said on his twitter page that he met the officials of the sri lanka electricity Board (CEB) and the Sustainable Energy Authority today to discuss the progress of renewable energy projects in the country.
India's renewable energy company adani Green Energy has been given provisional approval to invest $500 million in two wind projects of 286 MW capacity in Mannar and 234 MW in Puneri, he said. The minister also mentioned that power purchase agreements will be made next week for 21 of the 46 projects that were delayed due to sri lanka electricity Board amendments. With 26 renewable energy projects being auctioned and approved, the power distribution system and power transmission will be accelerated. Other proposals will be evaluated within 30 days, he explained. The Ceylon electricity Board president had said that Modi had pressured Sri Lankan President Gotabaya Rajapaksa to award a wind power project to adani, which sparked a huge controversy.
 Subsequently, he suddenly resigned.Ceylon electricity Board Chairman MMC Ferdinand had testified before a Sri Lankan parliamentary committee that Gotabaya Rajapaksa had told him that prime minister Modi had pressured him to directly award the wind power project to Adani. While Rajapaksa completely denied this, Ferdinand retracted his statement. sri lanka, which is stuck in an economic crisis, has sought financial assistance from the international Fund and other countries. Recently, there was a regime change in Sri Lanka. Due to an unprecedented popular protest, Gotabaya resigned from the post of President.
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Sowmiya Sriram

17/08/2022 12:28 PM