BoI to sign Mannar, Pooneryn wind Projects with India’s Adani

• Total investment of the project is US 442 million dollars and will be completed in two years

By Jamila Husain and Darshana Sanjeewa Balasuriya   

The Board of Investment (BOI) will sign an agreement with India’s Adani Group to construct a 250 Mega Watt Wind Project in Mannar and a 100 Mega Watt Wind Project in Pooneryn this evening, the Daily Mirror learns.  

Sources said that the total investment of the project is US 442 million dollars and will be completed in two years.  

The Adani Group, is headed by Indian billionaire Gautam Adani, who was recently accused of pulling off the ‘largest con in corporate history’ through the Indian-based Adani Group Corporation.   

Earlier Power and Energy Minister Kanchana Wijesekera said the government had granted provisional approval to Adani Green Energy for an investment of over US 500 million dollars in two wind projects in Mannar and Pooneryn.  

However the CEB had shot down the project saying it was illegal as the necessary feasibility studies and approvals had not been obtained.  

The Pooneryn Wind project with Adani Group came up for serious discussion when the then Finance Minister Basil Rajapaksa looked to India to obtain financial assistance in December last year when the economic crisis in Sri Lanka began.