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Business Business / international Sri Lanka Impact 2.0/10 13 min read
Adani Group Faces Ouster in Sri Lanka Too

Adani Group Faces Ouster in Sri Lanka Too

The new Sri Lankan government under President Anura Kumara Dissanayake cancelled a 484 MW wind power project in Mannar and Pooneryn that had been awarded to Adani Green Energy SL Ltd in 2024 by the previous administration. A Procurement Committee will review the proposal, allowing Adani to submit amendments. The project faced opposition due to high electricity prices (8.26 cents/kWh vs. local 4.88 cents), environmental concerns over migratory bird habitats, and local community objections. Dissanayake had pledged cancellation during his campaign. Rohan Pethiyagoda, a biodiversity scientist, praised the decision and called for an investigation into the original deal. The matter was also before the Supreme Court, with a ruling expected in March.

The new Sri Lankan government under President Anura Kumara Dissanayake cancelled a 484 MW wind power project in Mannar and Pooneryn that had been awarded to Adani Green Energy SL Ltd in 2024 by the previous administration. A Procurement Committee will review the proposal, allowing Adani to submit amendments. The project faced opposition due to high electricity prices (8.26 cents/kWh vs. local 4.88 cents), environmental concerns over migratory bird habitats, and local community objections. Dissanayake had pledged cancellation during his campaign. Rohan Pethiyagoda, a biodiversity scientist, praised the decision and called for an investigation into the original deal. The matter was also before the Supreme Court, with a ruling expected in March.

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Maldives Republic

Published

Jan 25, 2025

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The new Sri Lankan government under President Anura Kumara Dissanayake cancelled a 484 MW wind power project in Mannar and Pooneryn that had been awarded to Adani Green Energy SL Ltd in 2024 by the previous administration. A Procurement Committee will review the proposal, allowing Adani to submit amendments. The project faced opposition due to high electricity prices (8.26 cents/kWh vs. local 4.88 cents), environmental concerns over migratory bird habitats, and local community objections. Dissanayake had pledged cancellation during his campaign. Rohan Pethiyagoda, a biodiversity scientist, praised the decision and called for an investigation into the original deal. The matter was also before the Supreme Court, with a ruling expected in March.

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