INSUBCONTINENT EXCLUSIVE:
Sri Lanka.Despite obtaining most approvals, the company cited delays, including unresolved environmental clearance and an ongoing Supreme
Group and Sri Lankan authorities are still pending.Adani Green Energy Limited (AGEL) has officially withdrawn from its proposed $1 billion
renewable wind farm and transmission project in Sri Lanka, citing prolonged discussions and new government renegotiation efforts, Indian
media reported today.In a letter to the Board of Investment of Sri Lanka, Adani Green confirmed that after two years of negotiations with
the Ceylon Electricity Board (CEB) and government departments, and after 14 rounds of discussions, the company had secured most approvals
However, with a new Cabinet-appointed negotiations committee (CANC) and Project Committee (PC) being constituted to renegotiate the
proposal, AGEL has decided to step away from the project.The project aimed to establish 484 MW wind farms in Mannar and Pooneryn, alongside
The company had already spent $5 million on pre-development activities and had made progress on clearances and land acquisitions
However, unresolved environmental approvals in Mannar and an ongoing Supreme Court case further delayed the project.While withdrawing from
this investment, Adani Green reaffirmed its willingness to consider future opportunities in Sri Lanka should the government invite the group
