Sri Lanka, Adani Group

Adani Group Withdraws From Wind Power Projects In Sri Lanka Amid Negotiation Hurdles: Report
Adani Green Energy Ltd. (AGEL) has decided to withdraw from two planned wind power projects in Sri Lanka, citing recent developments in project negotiations. The company communicated its decision to the Sri Lankan Board of Investment (BOI) through an official letter dated 12 February, The Economic Times reported.
Adani Group pulls out of $440mn wind power projects in Sri Lanka
India’s Adani Group has decided to pull out of its $440mn wind power projects in Sri Lanka after the new government in Colombo launched a review of the tariffs agreed for the deal.
Adani Group withdraws from wind power project in Sri Lanka: All you need to know
Ever since news of the project broke in 2022, many in Sri Lanka criticised it and claimed it had not been awarded through a transparent process.
India’s Adani withdraws from troubled $442m Sri Lanka wind power projects
Conglomerate founded by billionaire Gautam Adani says it withdrew from the projects as they were ‘financially unviable’.
Adani Group withdraws from further engagement in $442 million wind power project in Sri Lanka
Adani Group is officially withdrawing from a $442 million wind power project in Sri Lanka after the government attempted to renegotiate the agreement
Adani Green Withdraws From Two Wind Power Projects in Sri Lanka
Adani Green Energy Ltd. has withdrawn from building two wind power projects in Sri Lanka after the new government sought lower tariffs last month, in the latest setback to the Gautam Adani-led conglomerate’s overseas ambitions.
Adani Group withdraws from Sri Lanka wind project amid mounting scrutiny
Adani Green Energy Ltd told Sri Lanka’s Board of Investment on Wednesday that it would “respectfully withdraw” from the wind project following discussions with officials who indicated that fresh committees would be formed to “renegotiate the project proposal”.
Adani Green Energy exits Sri Lanka wind project over tariff negotiations: Report
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.
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