Sri Lanka Adani Power Deal Still on as Government Confirms Lower Costs
POWER & RENEWABLE ENERGY

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

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

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

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?