Sri Lanka Adani Power Deal Still on as Government Confirms Lower Costs

30 Jan 2025 CW Team

The Sri Lankan government is engaged in negotiations with India’s Adani Group to reduce the cost of power from two wind power projects planned for the country’s Northern province. These discussions are part of a broader effort to ensure affordable and sustainable energy production as the nation works towards stabilising its power sector.

The projects, backed by an investment of $442 million from the Adani Group, are expected to generate 500 MW of renewable energy. This initiative aligns with Sri Lanka’s long-term strategy to enhance its renewable energy capacity, reduce dependence on fossil fuels, and mitigate the on-going energy crisis. By increasing the share of clean energy in its power grid, Sri Lanka aims to improve energy security, lower electricity costs for consumers, and support its economic recovery.

The government’s push for renewable energy is also in line with its commitment to achieving a more sustainable and environmentally friendly energy mix. The wind power projects are anticipated to play a crucial role in meeting the country’s growing energy demands while reducing carbon emissions and promoting economic growth through infrastructure development and job creation in the renewable energy sector.

News source: Financial Express

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..