Adani Group signs deal for two power projects in Sri Lanka
PORTS & SHIPPING

Adani Group signs deal for two power projects in Sri Lanka

Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province, six months after it secured a strategic port terminal project in Colombo.

The agreement has not been officially announced by Sri Lanka, Adani Group or Indian authorities to jointly execute renewable power projects in Mannar, on the northwest coast of Sri Lanka, and Pooneryn, located south of the Jaffna Peninsula. However, the Ceylon Electricity Board (CEB) also signed a Memorandum of Understanding (MoU) with Adani Green Energy Limited.

The two renewable energy projects involving the Adani Group focus on generating a combined capacity of 500 MW at $500 million. Both the projects are in the Northern Province, where New Delhi objected to a Chinese energy project.

The agreement was signed on the same day National Thermal Power Corporation (NTPC) and CEB agreed to set up a 100 MW solar power project in Sampur, in east Trincomalee district.

The development comes after Gautam Adani, Chairman of Adani Group, visited Sri Lanka and held talks with President Gotabaya Rajapaksa on possible investments in Sri Lanka.

The team visited the northern Mannar district to explore the potential for wind power projects. India’s involvement in Sri Lanka's renewable energy projects comes alongside the administration of Rajapaksa on cleaner energy.

Sri Lanka has a daily peak demand of over 2000 MW and is currently experiencing a severe shortage of fuel and power, causing long power cuts across the country.

Image Source

Also read: Adani Green inks pact with SECI to supply 4,667 MW green power

Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province, six months after it secured a strategic port terminal project in Colombo. The agreement has not been officially announced by Sri Lanka, Adani Group or Indian authorities to jointly execute renewable power projects in Mannar, on the northwest coast of Sri Lanka, and Pooneryn, located south of the Jaffna Peninsula. However, the Ceylon Electricity Board (CEB) also signed a Memorandum of Understanding (MoU) with Adani Green Energy Limited. The two renewable energy projects involving the Adani Group focus on generating a combined capacity of 500 MW at $500 million. Both the projects are in the Northern Province, where New Delhi objected to a Chinese energy project. The agreement was signed on the same day National Thermal Power Corporation (NTPC) and CEB agreed to set up a 100 MW solar power project in Sampur, in east Trincomalee district. The development comes after Gautam Adani, Chairman of Adani Group, visited Sri Lanka and held talks with President Gotabaya Rajapaksa on possible investments in Sri Lanka. The team visited the northern Mannar district to explore the potential for wind power projects. India’s involvement in Sri Lanka's renewable energy projects comes alongside the administration of Rajapaksa on cleaner energy. Sri Lanka has a daily peak demand of over 2000 MW and is currently experiencing a severe shortage of fuel and power, causing long power cuts across the country. Image Source Also read: Adani Green inks pact with SECI to supply 4,667 MW green power

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement