Cabinet approval for wind power projects with Adani Group

Cabinet has approved a proposal to purchase electricity at 8.26 US Cents per KW from the proposed wind power stations in Mannar and Pooneryn. 

The rates will be paid in Sri Lankan Rupees as per the actual foreign exchange rate, the government stated. 

The power stations will contribute 484 Mega Watts to the national grid. 

On March 7, 2022, Cabinet approval was given to enter into a Memorandum of Understanding with M/s Adani Green Energy Limited of India to develop wind power stations in Mannar and Pooneryn.

Accordingly, a negotiation committee was appointed by Cabinet in order to evaluate the project proposal furnished by the said Company. Based on the recommendations of that Committee, the Cabinet granted approval to the resolution forwarded by the Minister of Electricity and Power to accept the above price for the electricity generated under the proposed project.

Approval was also granted to award this tender to M/s Adani Green Energy SL Limited for a period of 20 years.