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Adani group exploring investment in Sri Lanka’s renewable energy sector: Official

Adani group and Sri Lanka

The Adani group, which recently sealed a deal with Sri Lanka to develop
and run the strategic Colombo Port’s Western Container Terminal, is also
exploring the possibility of investing in the island nation’s energy and
wind sector, a senior official from the state-owned Ceylon Electricity
Board (CEB) said on Tuesday.

The comments came a day after Adani 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.

“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 here.

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

He said Gautam Adani and a 10-member delegation travelled to Mannar on a
Sri Lanka Airforce helicopter.

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.

The visit came as the Adani Group in September sealed the deal to
operate the Colombo Port’s WCT.

Their bid to gain control of the Eastern Container Terminal (ECT) failed
due to mounting opposition from local port trade unions.

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The government cancelled the tripartite agreement with India and Japan
on the ETC by offering the WCT.

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