Sri Lanka signs 20-year power deal with India's Adani Green
POWER & RENEWABLE ENERGY

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 renewable energy in its power generation mix, aligning with its sustainability goals. AGEL, a leading player in the renewable energy sector, brings substantial expertise and resources to the partnership, further strengthening bilateral ties between India and Sri Lanka.

This venture not only contributes to Sri Lanka's energy security but also facilitates economic growth and environmental sustainability. With the increasing emphasis on renewable energy globally, this agreement sets a positive precedent for future collaborations between nations in the pursuit of a greener and more sustainable future.

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 renewable energy in its power generation mix, aligning with its sustainability goals. AGEL, a leading player in the renewable energy sector, brings substantial expertise and resources to the partnership, further strengthening bilateral ties between India and Sri Lanka. This venture not only contributes to Sri Lanka's energy security but also facilitates economic growth and environmental sustainability. With the increasing emphasis on renewable energy globally, this agreement sets a positive precedent for future collaborations between nations in the pursuit of a greener and more sustainable future.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?