Adani Green Secures $400 Million for 750 MW Power Projects

Sri Lanka signs 20-year power deal with India's Adani Green

Sri Lanka has finalised a significant 20-year power purchase agreement (PPA) with India's Adani Green Energy Limited (AGEL), marking a significant stride in both nations' renewable energy ambitions.

The agreement, valued at $1.5 billion, entails the supply of 200 MW of renewable energy generated from a solar power plant to be constructed in the northern region of Sri Lanka. This collaboration underscores Sri Lanka's commitment to diversifying its energy mix and reducing dependence on fossil fuels.

The deal with AGEL is part of Sri Lanka's broader strategy to increase the share of..

Sri Lanka Signs 20-Year Power Purchase Deal with Adani Green

Sri Lanka has entered into a significant 20-year power purchase agreement with Adani Green, marking a milestone in the renewable energy sector. Under this deal, Sri Lanka will procure power from Adani Green, furthering its commitment to sustainable energy solutions.

The agreement underscores the growing importance of renewable energy in Sri Lanka's power generation mix and its efforts to reduce reliance on fossil fuels. Adani Green's expertise in renewable energy development positions it as a key partner in Sri Lanka's transition towards cleaner and greener electricity generation.

Adani Green Secures $400 Million

Adani Green has successfully secured a substantial financing package of $400 million from international banks for its 750 MW power projects. This financing marks a significant milestone for Adani Green and underscores the confidence of international financial institutions in the company's renewable energy initiatives.

The funds will be utilised to support the development and implementation of Adani Green's renewable energy projects, furthering its commitment to sustainable energy generation. The successful securing of financing from international banks reaffirms Adani Green's position ..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..