Adani Group signs deal with Sri Lanka for exploring RE sector

According to an official of the Ceylon Electricity Board (CEB), Adani Group has sealed a deal with Sri Lanka to develop and run Colombo Port's Western Container Terminal (WCT) and is also exploring the nation's energy and wind sector. Previously, the Vice Chairman of CEB, Nalinda Ilangakoon, said that Adani Group had explored the possibility of investing in Sri Lanka's wind and renewable energy sector. He added that the senior officials from Adani visited the northeast district of Mannar to inspect the wind farm. Gautam Adani, along with ten others, came to Mannar on the Sri Lanka Airforce helicopter. According to the Board of Investment, Phase II of the Mannar Wind Power Park with 100 MW capacity is open on a Build, Own, Operate, and Transfer (BOOT) basis for potential investors. Adani Group sealed the deal during the visit to operate the Colombo Port's WCT. The bidding to control the Eastern Container Terminal (ECT) failed due to mounting opposition from local port trade. The government has cancelled the tripartite agreement with India and Japan on the ETC by offering the WTC. Image Source Also read: Adani Ports to begin construction of Colombo Port in December