Adani Group says it will withdraw from wind power projects in Sri Lanka

Adani Green Energy said on Thursday that it will withdraw from two proposed wind power projects in Sri Lanka, reported ANI.

“Adani Green Energy has conveyed its Board’s decision to respectfully withdraw from further engagement in the RE wind energy project and two transmission projects in Sri Lanka,” the news agency quoted a media statement from the company. “However, we remain committed to Sri Lanka and are open to future collaboration if the Government of Sri Lanka so desires.”

Earlier in the day, Reuters reported that the company had conveyed the decision to the chairperson of the Sri Lankan investment board in a letter on Wednesday.

“It was learnt that another Cabinet appointed negotiations committee and Project Committee would be constituted to renegotiate the project proposal,” Reuters quoted the Adani Group company as having said.

This was discussed by the Adani Green Energy board and it had decided that “while the company fully respects the sovereign rights of Sri Lanka and its choices, it would respectfully withdraw from the said project”, the firm was quoted as having said.

The development came after the Sri Lankan government said in January that it had started negotiations with the Indian conglomerate to reduce the cost of power from the projects.

During his visit to India in December,…

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