The government has commenced the process of reviewing the prices offered by India’s Adani Group for the 484 MW wind power plant project in Mannar and Pooneryn in the Northern Province, Cabinet Spokesman Minister Nalinda Jayatissa said.
Responding to queries on the Adani project, Minister Nalinda Jayatissa clarified that the project has not been suspended, but steps are being taken to amend the prices to ensure it is beneficial for Sri Lanka.
He told the media today that the government was working to adjust the proposed prices of the Adani group to be beneficial for Sri Lanka and that the review in this regard had commenced.
Minister Jayatissa said attention has also been focussed on sending a delegation to India for further talks related to the project.
His remarks were in response to queries over recent reports of Sri Lanka cancelling the conglomerate’s over $400 million project.
Recently, local media reported that the Sri Lankan government has decided to revoke the contract awarded to India’s Adani Group for the 484 MW of wind power plants in Mannar and Pooneryn signed under the Ranil Wickremesinghe regime in June last year.
When inquired by Newswire, a Senior Government official said the decision was taken as the Adani Green Energy SL Ltd has proposed US cents 8.26 per kilowatt hour while local bidders have offered prices as low as 4.88 US cents.
He further said that as the revocation requires a standard procedure, the Cabinet of Ministers has appointed a committee to review the agreement and submit recommendations.
In February 2023, Sri Lanka’s Board of Investment (BOI) approved Adani Green Energy’s $442-million wind power project, with plants planned for Mannar and Pooneryn in Northern Sri Lanka.
Since then, the project faced legal challenges, with its details being subjected to Supreme Court review. (Newswire)
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