Adani Group's project in Sri Lanka set for completion in December 2024
POWER & RENEWABLE ENERGY

Adani Group's project in Sri Lanka set for completion in December 2024

India's Adani Group is set to complete its renewable energy project in Sri Lanka's north and eastern regions, generating 500 MW of power by December next year, according to Energy Minister Kanchana Wijesekara. On Twitter, Wijesekara shared updates on the project's progress and mentioned discussing the project with Anil Sardana, MD & CEO of Adani Transmission, and the project management team.

The meeting covered challenges, the project roadmap, timeline, and Adani Green Energy's commitment to finishing the project by December 2024. This review marked the first since February. In August of the previous year, the Adani Group received approval to commence wind power projects in Pooneryn in Sri Lanka's northeast. Adani Green Energy was granted provisional approval for two wind projects: one with a capacity of 286 MW in Mannar and another with a capacity of 234 MW in Pooneryn, representing an investment of over USD 500 million.

In addition to their investment in the Western container terminal of Colombo's port, the Adani Group's involvement in Sri Lanka's energy sector further expands their commitment to the country. Gautam Adani, the group's chief, held discussions with former President Gotabaya Rajapaksa in October 2021 to advance the group's investments in the country following the agreement to develop the western container terminal of Colombo port during the Rajapaksa presidency.

India's Adani Group is set to complete its renewable energy project in Sri Lanka's north and eastern regions, generating 500 MW of power by December next year, according to Energy Minister Kanchana Wijesekara. On Twitter, Wijesekara shared updates on the project's progress and mentioned discussing the project with Anil Sardana, MD & CEO of Adani Transmission, and the project management team. The meeting covered challenges, the project roadmap, timeline, and Adani Green Energy's commitment to finishing the project by December 2024. This review marked the first since February. In August of the previous year, the Adani Group received approval to commence wind power projects in Pooneryn in Sri Lanka's northeast. Adani Green Energy was granted provisional approval for two wind projects: one with a capacity of 286 MW in Mannar and another with a capacity of 234 MW in Pooneryn, representing an investment of over USD 500 million. In addition to their investment in the Western container terminal of Colombo's port, the Adani Group's involvement in Sri Lanka's energy sector further expands their commitment to the country. Gautam Adani, the group's chief, held discussions with former President Gotabaya Rajapaksa in October 2021 to advance the group's investments in the country following the agreement to develop the western container terminal of Colombo port during the Rajapaksa presidency.  

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?