Adani Group to invest over $1 billion in wind projects in Sri Lanka

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Giving this information, sources said that this will be the largest foreign direct investment and the largest power project ever in the neighboring country. Group company Adani Green Energy Limited (AGEL) will set up two wind power projects with a total installed capacity of 484 MW in Sri Lanka’s Mannar city and Pooneryn village in the northern region with an investment of about $ 740 million.

New Delhi. Adani Group is planning to invest more than one billion US dollars to set up wind power projects in Sri Lanka. Giving this information, sources said that this will be the largest foreign direct investment and the largest power project ever in the neighboring country. The group’s company Adani Green Energy Limited (AGEL) will set up two wind power projects with a total installed capacity of 484 MW in Sri Lanka’s Mannar city and Poonarin village in the northern region with an investment of about $ 740 million.

Two sources related to the matter said that there will be an additional investment of more than $290 million in the related infrastructure. With its help, electricity will be delivered to the consumption centers. He said that these projects will not only be Sri Lanka’s largest renewable energy project, but will also be the country’s largest power project till date. Sri Lanka last month signed an agreement to buy electricity from Adani’s wind power centers for 20 years. According to the agreement, AGEL will be paid 8.26 cents per unit.

Disclaimer: CricketInFocus has not edited this news. This news has been published from PTI-language feed.



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