In the interest of generating power in the midst of the ongoing financial crisis, Sri Lanka has approved the construction of two wind power facilities owned by the Adani Group of India, a $400 million investment.
The former war-torn regions of Mannar and Pooneryn in the North received approval for two Adani Green Energy Ltd. facilities from the Board of Investment (BOI) Sri Lanka, the BOI announced on Wednesday.
The BOI claims that the two 350 MW wind power facilities, which are expected to be operational in two years, will be connected to the national grid by 2025. Over 250 MW will be produced by the wind power plant in Mannar, but only 100 MW will be produced by the one in Pooneryn. The new initiatives will create between 1,500 and 2,000 additional jobs.
A delegation from the Adani Group met with Kanchana Wijesekara, Sri Lanka’s minister of power and energy, on Wednesday. “Progress of the renewable energy project of 500 MW in Pooneryn & Mannar was discussed with the visiting Adani Group officials this morning at the Ministry of Power & Energy. Officials of the Ministry, CEB & Sustainable Energy Authority participated,” tweeted Minister Wijesekara.
As a consequence of the country’s biggest economic crisis since independence, extended hours of power outages began in Sri Lanka in January 2022. Due to public protests, the then-President Gotabaya Rajapaksa and his government were forced to resign.
Ranil Wickremesinghe, a former opposition MP, became the new President of the country, but the power outages persisted until a whopping 66% price increase last week.