Colombo January 24 (Newswire): Issuing a statement, a spokesman for the Adani Group said the company categorically states that the project has not been cancelled by the Sri Lankan government.
“The Sri Lankan Cabinet’s decision of 02 Jan 2025 to re-evaluate the tariff approved in May 2024 is part of a standard review process, particularly with a new government, to ensure that the terms align with their current priorities and energy policies,” the statement read.
The statement added that Adani remains committed to investing $1 billion in Sri Lanka’s green energy sector, driving renewable energy and economic growth.
The clarification comes in the backdrop of local media reporting that President Anura Kumara Dissanayake’s 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.
He said the newly appointed committee is tasked with reviewing issues surrounding the contract, such as government-to-government and environmental.
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