Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province, six months after it secured a strategic port terminal project in Colombo.
The agreement has not been officially announced by Sri Lanka, Adani Group or Indian authorities. It has reported that the projects will executed in Mannar, on the northwest coast of Sri Lanka, and Pooneryn.
However, as reported by the Colombo-based Sunday Times, the Ceylon Electricity Board (CEB) also signed a Memorandum of Understanding (MoU) with Adani Green Energy Limited.
As reported both the renewable energy projects, were aimed at generating combined capacity of 500 MW, at a cost of $ 500 million.
In October last year Ceylon Electricity Board has said that the Adani Group is exploring the possibility of investing in Sri Lanka’s energy and wind sector.
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