Sri Lanka Awards 350 MW of Wind Power Projects to Adani Green
The two projects will be developed with a total investment of $442 million
Adani Green Energy, the renewable energy arm of Adani Group, has been awarded the letter of approval for two wind energy projects to be developed in the Mannar and Ponneryn areas of northern Sri Lanka.
The two projects will be developed at a total investment of $442 million.
The wind energy project to be developed in Mannar will operate at a capacity of 250 MW, and the other project in Pooneryn will operate at a capacity of 100 MW, according to the Board of Investment of Sri Lanka.
In August last year, Sri Lanka’s Energy Minister Kanchana Wijesekara had announced that Adani Green Energy was issued provisional approvals for two wind projects in the country’s northern province with an investment of $500 million. The provisional approvals were for a 289 MW wind project in Mannar and a 234 MW wind project in Pooneryn.
The two projects are scheduled to be commissioned in two years and will be added to the national grid by 2025.
The two projects are expected to generate 1,500-2,000 direct job opportunities.
Sri Lanka has been making efforts to galvanize the renewable energy sector to meet the growing power demands despite being in the midst of an economic crisis.
Last September, Sri Lanka’s Ministry of Power and Energy invited bids to develop a 100 MW solar power project on a build, own, and operate basis in Siyambalanduwa and construction of a 132kV transmission facility on a turnkey basis from Siyamabalanduwa to Monaragala grid substation.
In the same month, Ceylon Electricity Board invited bids to set up 30 MW of ground-mounted and floating solar projects of 1 MW-5 MW capacity on a build, own, and operate basis with an operational period of 20 years.
In March last year, NTPC announced that it would set up solar and LNG-based power projects in Sri Lanka as a part of its international project development. The Sri Lanka government had issued a Letter of Intent to NTPC for setting up a 500 MW LNG power plant at Kerawalapitiya and a 50 MW solar power project at Sampur.
India had extended a Line of Credit of $100 million to Sri Lanka to finance projects in the solar sector.
Rakesh Ranjan
More articles from Rakesh Ranjan.
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