electricity was to be made in sri lanka now adani group did a big game

The Adani Group withdrew its name from the proposed wind power project in Sri Lanka on 12 February. The company wrote a letter to Sri Lanka’s Investment Board. Adani Green had earlier prepared to invest more than $ 440 million in a 20 -year agreement to develop wind energy in Poneerin village in Northern Sri Lanka and Poneerin village in Kilinocchi district. However, after coming to light for the first time in 2022, the project also criticized opposition parties and some local people in Sri Lanka. Sri Lanka’s Ceylon Electricity Board (CEB) President MMC Ferdinando had alleged before the Sri Lankan parliamentary panel that Prime Minister Narendra Modi had pressurized the then President Gotbaya Rajapaksa to give an electricity project to the Adani group.

He later withdrew his statement and resigned. Many petitioners also challenged the project approval in the Sri Lankan Supreme Court. It is worth knowing here. With a total capacity of 484 MW, the project came in the island nation amidst increasing pressure towards renewable energy. After this, Adani Group also got a major infrastructure contract. In 2021, the Adani Group announced that it would develop and operate the strategically important Western container terminal of the Colombo port with a 51 percent stake. The president of the group Gautam Adani also visited the country to discuss investment opportunities in the same year, some wind farms in North Sri Lanka are already operational.

Why was the project criticized?

The news about a memorandum for Pawan Project came up in 2022 under the then President Gotbaya Rajapaksa. The details of the signature were not made public and the first newspaper Sunday Times reported this, which increased the criticism in the country regarding the opaque process.