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Adani Group To Invest in Sri Lanka’s Renewable Energy Sector

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The Adani Group is exploring the possibility of investing in Sri Lanka’s energy and wind sector, a senior official from the state-owned Ceylon Electricity Board (CEB) said.

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The news came after the group sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal.

According to the sources, the group chairman Gautam Adani called on Sri Lankan President Gotabaya Rajapaksa here, weeks after his company inked a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port’s Western Container Terminal (WCT).

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Adani, who is in the island nation on a private visit, called on President Rajapaksa, sources said, without disclosing the details of the meeting.

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“The Adani group has yesterday explored the possibility of investing in Sri Lanka’s wind and renewable energy sector,” Nalinda Ilangakoon, the Vice Chairman of CEB, said while speaking to reporters.

Ilangakoon further said senior officials from the Adani group had visited the north eastern district of Mannar on Monday to inspect the wind power farm there.

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The Board of Investment said the Phase II of the Mannar Wind Energy Park with a capacity of 100 MW is open on a Build, Own, Operate and Transfer (BOOT) basis for potential investors.

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