Sri Lanka Signs 20-Year Power Purchase Deal with Adani Green

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..

Ferry service to resume between Sri Lanka and Nagapattinam

After a hiatus of nearly four years, the ferry service between Sri Lanka and Nagapattinam in Tamil Nadu is set to resume. This development comes as a significant boost to trade and tourism between the two nations, fostering stronger ties and enhancing connectivity.

The decision to recommence the ferry service was announced following discussions between Indian and Sri Lankan officials. The service, which had been suspended since 2018 due to logistical and administrative issues, is expected to resume operations soon.

The resumption of the ferry service holds immense potential f..

Indian Envoy Emphasises India-Sri Lanka Ties

The Indian High Commissioner to Sri Lanka has underscored the special relationship between India and Sri Lanka's Eastern Province. This emphasis on bilateral ties reflects the importance of fostering cooperation and collaboration between the two neighbouring nations.

India and Sri Lanka share a deep historical, cultural, and economic bond, with the Eastern Province serving as a significant focal point for their relationship. The envoy's remarks highlight India's commitment to strengthening ties with Sri Lanka and promoting mutual prosperity and development in the region.

The Ea..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..