Adani energy mission in Sri Lanka: Anura Dissanayake authorities reconsidering permission

Representational picture solely. File
| Picture Credit score: Reuters

Sri Lanka’s new authorities led by Anura Kumara Dissanayake on Monday (October 14, 2024) informed the Supreme Courtroom that it could rethink the approval granted by the earlier authorities to India’s Adani Group for a wind energy mission.

A five-member Supreme Courtroom (SC) Bench was informed on behalf of the legal professional normal that the choice to evaluation the mission had been taken at a Cupboard assembly held on October 7. “The ultimate determination of the brand new authorities can be conveyed after the set up of the brand new Cupboard after the November 14 Parliamentary election,” the court docket was informed.

President Dissanayake within the run-up to the September 21 Presidential election had pledged that his Nationwide Individuals’s Energy (NPP) alliance would annul the mission. The NPP claimed that the mission posed a menace to Sri Lanka’s power sector sovereignty and promised that it could be cancelled within the occasion of their victory.

Colombo mulls changing Adani energy mission to a G2G deal: Sri Lankan media 

The Adani Group was set to take a position greater than $440 million within the 20-year settlement for the event of 484 megawatts of wind energy within the northeastern areas of Mannar and Pooneryn. The mission confronted basic rights litigation within the Supreme Courtroom of Sri Lanka.

Petitioners have raised environmental considerations and lack of transparency within the bidding course of to grant Adani Inexperienced Power the go-ahead. Petitioners have additionally argued that the agreed tariff of $0.0826 per kWh can be a loss to Sri Lanka and must be lowered to $0.005 per kWh.