Adani Green Energy Withdraws $442 Million Sri Lanka Power Projects

New Delhi:

Adani Green Energy Ltd withdrew from building from two renewable energy wind farms in Sri Lanka, the company said in a statement on Wednesday.

Adani Green Energy had been under protracted discussions with the Ceylon Electricity Board (CEB) and government departments for over two years to set up two 484 megawatt (MW) renewable energy wind farms in Sri Lanka’s Mannar and Pooneryn.

The project included the associated transmission system, as also additional 220 kilovolt (kV) and 400 kV transmission network expansion to carry power to the southern part of the island nation.

Adani Green Energy said till date it has spent some $5 million on predevelopment activities.

The company said its executives have been holding talks with CEB and Sri Lankan ministry officials in Colombo.