The Adani Group has officially withdrawn from a $442 million wind power project in Sri Lanka, a decision influenced by recent government negotiations aimed at reducing project costs. Sri Lanka's Board of Investment acknowledged receiving a letter from Adani Green Energy Limited regarding its withdrawal. The company highlighted that the projects became financially unviable and reiterated its respect for Sri Lanka's sovereign decision-making. Despite this setback, Adani expressed its ongoing commitment to the country and willingness to collaborate in the future on other ventures, including a separate $700 million port terminal project.
The Adani Group announced its withdrawal from a $442 million wind power project in Sri Lanka, citing the projects' financial unviability amid government renegotiations.
An Adani spokesperson stated that the company respects Sri Lanka's sovereign rights, but decided to withdraw due to ongoing financial concerns about the projects.
Collection
[
|
...
]