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Economic case for Adani's original Mannar wind project rate
Daily FT
|April 05, 2025
A comprehensive analysis of Adani Green Energy's proposed wind power project in Mannar reveals that the initially agreed tariff rate of $ 0.0826 per kWh is economically justified and potentially beneficial for Sri Lanka's energy sector in the long run.
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According to reporting by the Daily Mirror, despite concerns raised by Sri Lankan authorities including President Anura Kumara Disanayake about the price being too high, industry experts suggest the rate would 'significantly undercut the country's current oil and coal-based generation, which averages over $ 0.14 per kWh. The 484 MW wind and transmission project, which was approved under the 'fast tracking of investments' scheme during the previous Government, has undergone scrutiny following Adani's selection to implement the initiative.
The Cabinet Appointed Managing Committee on Investment (CAMCI) had previously approved the project, and Cabinet approval was granted before agreements were formalised between Government entities and Adani Green SL Ltd.
This story is from the April 05, 2025 edition of Daily FT.
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