Sri Lanka has entered into a 20-year power purchase agreement with India's Adani Green Energy, for two wind power stations developed by the company in the North-East,
Despite stiff opposition from environmentalists and Tamils in Mannar over the proposed construction of a Wind power project in Mannar and Pooneryn, the Sri Lankan government has entered into an agreement with Adani Green Energy. The company will be paid 8.26 cents per kilowatt-hours (kWh) as per the agreement, the government said.
Minister of Power and Energy Kanchana Wijesekera posted on X (formerly Twitter) citing that the cabinet of ministers had decided to enter into a 20-year power purchase agreement with Adani Green Energy for the development of 484 megawatts of wind power in Mannar and Pooneryn. The Mannar (250 MW) and Pooneryn (234 MW) wind projects will be implemented with an investment of US$ 740 million.
Approval was granted yesterday by the Cabinet of Ministers to enter in to a 20 year power purchase agreement with Adani Green Energy for the development of 484 MW of Wind power stations in Mannar & Pooneryn.
— Kanchana Wijesekera (@kanchana_wij) May 7, 2024
The negotiated tariff rate of USD 0.0826 per kWh, is to be paid in LKR
India has shown keen interest in pursuing business investments, particularly in the North-East. The Indian High Commissioner to Sri Lanka Santhosh Jha since assuming duties recently has said the Adani project must progress, negating the need for any discussions on the concerns raised by locals.
India's ventures on the island have been dogged with opposition from within Sri Lanka and allegations of cronyism in India, particularly with the involvement of the Adani group.
