Adani Group Explores Investment In Sri Lanka's Renewable Energy Sector - Vibes Of India

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Adani Group Explores Investment In Sri Lanka’s Renewable Energy Sector

| Updated: October 26, 2021 21:35

The Adani group recently sealed the deal with Sri Lanka to develop and run the strategic Colombo Port’s Wester Container Terminal.

A senior official from the state-owned Ceylon Electricity Board (CEB) informed that they are also exploring the possibility of investing in the island nation’s energy and wind sector.

The comments of the deal came a day after the Adani Group chairman, Gautam Adani called on Sri Lankan President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa weeks after his company had inked a deal with the Sri Lanka Ports Authority (SLPA).

Adani took to Twitter and said that India’s bonds with Sri Lanka have anchored for centuries and roots to the old historic ties as he shared pictures from the meetings. Earlier, Nalinda Ilangakoon, the Vice Chairman of CEB spoke to the reporters and said that the Adani Group has already explored the opportunity of investing in Sri Lanka’s wind and renewable energy sector.

Ilangakoon further added that the senior officials from the Adani group have visited the northeastern district of Mannar on Monday to further inspect the wind power farm. Gautam Adani along with a 10 member delegation travelled to Mannar on a Sri Lanka Airforce helicopter.

The Board of Investment said that the Phase II of the Mannar Wind Energy Park with a capacity of 100MW is open on a Build, Own, Operate and Transfer (BOOT) basis for the potential investors.

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