Sri Lanka Engages Adani on Wind Power Amid Legal Challenges

Sri Lanka is currently reviewing a response from Adani Green Energy regarding its withdrawal from two proposed wind power projects due to a pricing dispute. The Sri Lankan government insists it will only reconsider the projects if Adani agrees to lower the tariff from 8.26 to 6 US cents per kilowatt-hour, a demand the company has yet to accept. Despite environmental activists raising concerns and ongoing legal issues surrounding the projects, Adani has expressed willingness to proceed under the original terms. The Sri Lankan cabinet reiterated its openness to investment from Adani, but emphasized the necessity of negotiating favorable power purchasing costs. Meanwhile, the country remains unaffected by allegations against Adani executives involving a bribery scheme in India. The situation reflects Sri Lanka's strategic approach to securing competitive energy pricing while navigating external controversies related to the conglomerate.