India’s Adani Group has categorically refuted rumours circulating about claimed changes to its renewable energy agreement in Sri Lanka.
Issuing a statement, Adani Green Energy SL Ltd said claims suggesting that the company has offered to revise the pricing to 7 cents per kilowatt-hour are entirely false and without foundation.
“We remain fully committed to the original terms of the agreement as established with the relevant Sri Lankan authorities. Adani Green Energy SL Ltd’s investment plans and project parameters have not changed,” it added.
Adani Green Energy SL Ltd further said that while the company has wilfully and respectfully withdrawn from the proposed wind project, Adani Group reaffirms that it would always be available to undertake any development opportunity if the Sri Lankan government ever considers it to participate.
In February, the Adani Group officially announced that it had 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.
“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,” the group said in a statement.
In February 2023, Sri Lanka’s Board of Investment (BOI) approved Adani Green Energy’s $442-million wind power project, with plants planned for Mannar and Pooneryn in Northern Sri Lanka.
Since then, the project faced legal challenges, with its details being subjected to Supreme Court review. (Newswire)