Adani power project in SL : SJB accuses of financial fraud

June 27, 2024 at 10:47 AM

Sri Lanka’s main opposition, the Samagi Jana Balawegaya (SJB), has questioned the government’s approval of the proposed project to develop wind power stations in Mannar and Pooneryn with M/s Adani Green Energy Limited of India.

Addressing the media, former SJB MP Ajith P. Perera said a large-scale financial fraud is being carried out due to the government, especially President Ranil Wickremesinghe and Minister of Power and Energy Kanchana Wijesekera, giving away the wind power sector in Sri Lanka’s power industry. 

Backing his claims, SJB’s Perera said the government has approved the purchase of power at $0.0826 per KW for the electricity generated under the proposed project to develop wind power stations in Mannar and Poonerin by M/s Adani Green Energy Limited of India.

Stating that the project had been awarded to the Adani Group without calling for tenders, SJB’s Perera said this would cause Sri Lanka to lose millions of dollars in loss for 20 years. 

He said, however, that the wind power station proposed by WindForce PLC, which owns a 100% effective holding in Hiruras Power (Pvt) Ltd, offers almost half the price quoted by the Adani Group, for the purchase of electricity.

“The CEB has called for tenders and has picked WindForce PLC to construct a 50 MW wind power station in Mannar,” he said. 

The former SJB MP pointed out that WindForce PLC has quoted $0.0488 per KW to provide electricity, which is half the price of what has been offered by the Adani Group. 

Ajith P. Perera said the government has engaged in a large-scale fraud via the wind power project by the Adani Group and that Sri Lanka will incur a loss of over a billion US Dollars. (Newswire)