Adani exits US$442m Sri Lanka wind power project after govt pushes to cut ‘corrupt’ energy costs

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COLOMBO, Feb 13 — Indian conglomerate Adani Group has withdrawn from a troubled US$442 million wind power project in Sri...

Adani was the first foreign investor to enter Sri Lanka in the wake of a 2022 financial crash that devastated its economy.

Dissanayake’s government, which came to power late last year, said it was not willing to pay more than 5.9 US cents in line with tariffs of other plants in the same area.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndiaSri Lanka

Topics: Adani Group Wind project Sri lanka economy Anura Kumara Dissanayake Corrupt deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 16:09:49 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26115237

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About Malay Mail

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Official Website: malaymail.com

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Year Established: 1896

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