Sri Lanka Cabinet nod to purchase wind power at $0.08 from Adani Group

The Cabinet of Ministers has granted approval to purchase power at $0.0826 cents per KW for the electricity generated under the proposed project to develop wind power stations in Mannar and Poonerin.

The rates paid in Sri Lankan rupees will be subject to foreign exchange rate changes, the government said in a statement. 

In 2022, the Cabinet of Ministers granted approval to enter into a memorandum of understanding with M/s Adani Green Energy Limited of India to develop the wind power stations. The prices had been approved following the recommendations of the negotiation committee appointed to evaluate the project proposal put forth by M/s Adani Green Energy Limited.

Approval had also been granted to award this tender to Adani Green Energy SL Limited for a period of 20 years.