Adani Group Looking To Invest In Sri Lanka’s Renewable Energy Sector


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, 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).

Mr Adani, who is in the island nation on a private visit, called on President Rajapaksa, sources said, without disclosing the details of the meeting.

“The Adani group has yesterday explored the possibility of investing in Sri Lanka’s wind and renewable energy sector,” Nalinda Ilangakoon, Vice Chairman of CEB, told reporters.

Mr Ilangakoon said senior officials from the Adani group had visited the north eastern district of Mannar on Monday to inspect a wind power farm.

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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