Sri Lanka investment board approves $442-mn Adani Green wind power plants
Sri Lanka’s Board of Investment on Wednesday approved two wind power plants by India’s Adani Green Energy Ltd with a total investment of $442 million, a statement issued by the board said.
“The two wind power plants of 350 MW are scheduled to be commissioned in two years and accordingly, they will be added to the national grid by 2025,” the statement added.
Adani Green Energy is the renewable energy unit of the embattled Adani Group, whose seven listed companies have lost some $125 billion in market value after a U.S. short seller last month alleged improper use of tax havens and stock manipulation by the apples-to-airports conglomerate.
