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Business News/ Companies / News/  Adani group weighs investment in Sri Lanka's renewable energy sector: Official
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Adani group weighs investment in Sri Lanka's renewable energy sector: Official

The comments came a day after Adani Group chairman Gautam Adani called on Sri Lankan President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa

The Adani group recently sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal (Reuters)Premium
The Adani group recently sealed a deal with Sri Lanka to develop and run the strategic Colombo Port’s Western Container Terminal (Reuters)

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 and Prime Minister Mahinda 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).

"Privileged to meet President @GotabayaR and PM @PresRajapaksa. In addition to developing Colombo Port's Western Container Terminal, the Adani Group will explore other infrastructure partnerships," Adani tweeted.

"India's strong bonds with Sri Lanka are anchored to centuries’ old historic ties," Adani wrote on Twitter while sharing pictures of his two meetings here.

Earlier, Nalinda Ilangakoon, the Vice Chairman of CEB, said while speaking to reporters, said the Adani group has explored the possibility of investing in Sri Lanka’s wind and renewable energy sector.

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.

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

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Published: 26 Oct 2021, 07:58 PM IST
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