Sri Lanka okays two Adani Group power plants with investment over $400 mn
Struggling to generate power amid the ongoing financial crisis, Sri Lanka has given the go-ahead to two wind power plants by India’s Adani Group, an investment amounting to more than $400 million.
The Board of Investment (BOI) Sri Lanka approved two plants by Adani Green Energy Ltd. at Mannar and Pooneryn, the former war-torn areas in the North, the BOI said on Wednesday.
According to the BOI, the two wind power plants of 350 MW which are scheduled to be commissioned in two years, and would be added to the national grid by 2025.
The wind power plant in Mannar will generate around 250 MW while the one at Pooneryn will produce 100 MW. The new projects will generate nearly 1,500-2,000 employment opportunities.
