Feasibility studies and environmental reports for the Adani project to develop wind power stations in Mannar and Poonerin are still in progress, State Minister for Power and Energy Indika Anuruddha said.
The State Minister said once these are completed, it will be discussed whether the project can proceed under the current pricing conditions.
In 2022, the Cabinet of Ministers approved to enter into a memorandum of understanding with M/s Adani Green Energy Limited of India to develop wind power stations.
The prices were approved following the recommendations of the negotiation committee appointed to evaluate the project proposal put forth by M/s Adani Green Energy Limited. Approval was also granted to award this tender to Adani Green Energy SL Limited for a period of 20 years.
In May this year, the Cabinet approved to purchase of power at $0.0826 per KW for the electricity generated under the Adani project to develop wind power stations in Mannar and Poonerin.
At the time, the government said in a statement, that the rates paid in Sri Lankan rupees will be subject to foreign exchange rate changes.
Commenting on the Adani project, State Minister Indika Anuruddha said it will be discussed whether the project can proceed under the current pricing conditions following the completion of the necessary feasibility studies.
He made the remarks at a media briefing at the Presidential Media Centre on Thursday (July 04).
The State Minister further said due to the success of the debt restructuring activities, the projects related to the energy sector, which were stalled during the last crisis, will be re-implemented and it will be of great help in solving the power crisis.
Stating that agreements for debt restructuring have been signed with bilateral creditor countries, he said this has resolved the legal issues necessary to restart these foreign-funded projects. (Newswire)