The government has given the go-ahead for the development of 484 Megawatt wind power stations in Mannar and Pooneryn, marking a significant step towards renewable energy production.
This initiative stems from a memorandum of understanding (MoU) inked with Adani Green Energy Limited of India. In accordance with this decision, the Cabinet has appointed a negotiation committee entrusted with evaluating the project proposal submitted by the company.
Following the recommendations of the committee, the Cabinet has endorsed the resolution presented by the Minister of Power and Energy. This resolution approves the final price of USD 8.26 per kilowatt (KW) for the electricity generated under the proposed project, with payment in Sri Lankan Rupees based on the actual foreign exchange rate.
The wind power project will consequently award this tender to Adani Green Energy SL Limited for a duration of 20 years, signaling a significant stride towards sustainable energy development in Sri Lanka.
