Sri Lanka Approves Adani Green Energy's Wind Power Projects
| Aspect | Details |
|---|---|
| Agreement Approval | Sri Lankan government approved agreement with Adani Green Energy on May 7. |
| Project Details | Development of wind power stations in Mannar and Poonerin. |
| Power Purchase Agreement | 20-year duration; payment of 8.26 cents per kilowatt-hour (kWh). |
| Investment | $442 million investment by Adani Green Energy. |
| Capacity | 484 megawatts of wind power plants. |
| Location | Mannar and Poonerin in Northern Sri Lanka. |
| Negotiating Committee | Appointed by Sri Lankan government to review project proposals. |
| Adani Group's Presence | Also developing a $700 million terminal project at Colombo Port. |
| Sri Lanka's Renewable Energy | Push for renewable energy projects post-2022 economic crisis. |
| Financial Performance (Q4 2024) | Net profit dropped 39% to Rs 310 crore; revenue declined 6% to Rs 2,806 crore. |