As per the agreement with Sri Lanka, Adani Green was to construct two wind power projects in Mannar town and Pooneryn village, both located in the northern province of the country.

Adani Green Energy has reportedly decided to withdraw from the proposed $442-million wind power generation and transmission project in Sri Lanka after the new government sought to renegotiate tariffs,

Adani Green Energy shares rose 3% to Rs 946 in Thursdays intraday trade after the company announced its decision to withdraw from two proposed wind power projects in Sri Lanka. The move follows the Sri Lankan government's request for lower tariffs,

The Sri Lankan government had opted to review and renegotiate the terms to bring the cost below $0.06 per unit from $0.0826, negotiated by the previous administration

India's Adani Green Energy said it will withdraw from two proposed wind power projects in Sri Lanka, according to a letter sent by the company to a Sri Lankan government agency.

Adani Green Energy has withdrawn from two wind power projects in Sri Lanka due to financial unviability, following discussions to reduce costs. The decision comes amid scrutiny from U.S. authorities and Sri Lanka’s economic strain,

The proposed wind projects in Mannar and Pooneryn, including transmission lines would have resulted in a $1 billion investment for Sri Lanka if it had happened.