Top executives from the Adani Group are set to reopen discussions with the Sri Lankan government next week, just days after the company announced its withdrawal from a major wind energy project in the island nation.
Adani Green Energy, led by billionaire Gautam Adani, will engage in fresh negotiations to revive two 484-megawatt (MW) renewable energy wind farms in Mannar and Pooneryn, sources familiar with the matter told The Tribune. The project, which also includes a 220-kilovolt (kV) and 400 kV transmission network to deliver power to Sri Lanka’s southern regions, had been in the works for over two years.
The Sri Lankan government had been pressing Adani Green Energy to lower its tariff rates, a key sticking point in negotiations. The group had pledged an investment of $442 million in the project, with $5 million already spent on predevelopment activities.