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

22 February 2023 03:50 pm Views - {{hitsCtrl.values.hits}} 4 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The Board of Investment (BOI) will issue a letter of approval to India’s Adani Group to construct a 250 Mega Watt Wind Project in Mannar and a 100 Mega Watt Wind Project in Pooneryn today 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 the Power and Energy Minister Kanchana Wijsekera 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. (Jamila Husain and Darshana Sanjeewa Balasuriya)

Comments - 4

Punchi Wednesday, 22 February 2023 06:37 PM

I was watching a news item on when some US organization wanted to provide free wifi for us, the CEO said they had to abort the idea because among other things they were accused of trying to steal the airwaves/bandwidth. Now India and Adani is stealing the superior wind that is blowing in our superior paradise? Or are they going to plant communications monitoring equipment on top of the towers and steal our bandwidth/airwaves ?

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Samaranayaka Wednesday, 22 February 2023 08:25 PM

Projects of this scale are essential without corruption for economic stability and to eliminate useless, unproductive Govt. jobs and positions burden the economy, that can't be justified for their wages and duties never subject to verification.

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Be Fair Wednesday, 22 February 2023 08:30 PM

Adani has lost more than US100B I dont know if this will work out for Sri Lanka

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India must pay through if problems happen Thursday, 23 February 2023 08:04 PM

If they want to put in money to complete it good. If it is half done, and cannot be continue then big problem. If another company cannot then take over, because of technical errors that cannot be overcome everything will have to removed, the cost of which must be put back on Adani's parent country - India.

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