Adani exploring renewable energy investments in Sri Lanka - The Hindu

(News 1st / The Hindu); Adani Group Chairman Gautam Adani on Monday (25) called on Sri Lankan President Gotabaya Rajapaksa in Colombo, weeks after his company sealed a deal with the state-owned Sri Lanka Ports Authority (SLPA) to develop and run the strategic Colombo Port’s Western Container Terminal, said The Hindu newspaper.

Cabinet Spokesperson Minister (Dr.) Ramesh Pathirana told reporters on Tuesday (26), that Gautam Adani and his delegation were visiting the island on a private visit to explore investments opportunities.

The billionaire businessman accompanied by a delegation of 10 members flew into the island by two special flights on Sunday, reported the Hindu.

Ahmedabad-headquartered Indian multinational conglomerate Adani Group last month entered into an agreement with the Sri Lanka government-owned Port Authority to develop the Colombo Port’s West International Container Terminal.

The $700 million Build-Operate-Transfer deal is the largest foreign investment ever in the port sector of the island nation.

The Adani group is also exploring the possibility of investing in the island nation's energy and wind sector, a senior official from the state-owned Ceylon Electricity Board (CEB) said on Tuesday, reported the Hindu.

On Monday (26), the Adani Group delegation was seen visiting several areas in Mannar by helicopter.

According to The Hindu, Sri Lanka's Board of Investment said the Phase II of the Mannar Wind Energy Park with a capacity of 100 MW is open on a Build, Own, Operate