The Adani Group on Thursday said that it has pulled out of further engagement in a $442 million wind power venture in Sri Lanka after the country’s authorities attempted to modify the agreement.
In a media statement, the group wrote, “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. However, we remain committed to Sri Lanka and are open to future collaboration if the Government of Sri Lanka so desires.” (Newswire)