Two Large-scale Renewable Energy Generatng Projects in Mannar and Pooneryn Allocated to India’s Adani Group; Both Projects in Northern Sri Lanka Costing US$ 500 Million Expected to Generate Combined Capacity of 500 MW Power in a Year’s Time

By Mandana Ismail Abeywickrema

The Government last Friday (11) signed a Memorandum of Understanding (MoU) with India’s Adani Group allocating two large-scale renewable energy generation projects in Mannar and Pooneryn in the Northern Province to the company, The Sunday Morning learns.

The two renewable energy projects are to generate a combined capacity of an average of 500 MW while the value of both projects has been estimated at around $ 500 million.

The MoU with Adani was signed last Friday at the Finance Ministry soon after the Ceylon Electricity Board (CEB) signed a Joint Venture (JV) with India’s National Thermal Power Corporation (NTPC) to set up a 50 MW solar power park in Sampur in Trincomalee.

The MoU with Adani was signed by representatives of Adani Group, CEB, the Sustainable Energy Authority (SEA), and the Board of Investment (BOI).

State Ministry of Solar Power, Wind and Hydro Power Generation Projects Development Secretary K.H.D.K. Samarakoon confirmed to The Sunday Morning that agreements for the proposed renewable energy plants in Mannar and Pooneryn were signed with the Adani Group on Friday.

However, when asked for the value of the projects and the generation capacities of the two projects, Samarakoon said he was unaware of the exact details as he was not a signatory to the document.

When contacted, SEA Chairman Ranjith Sepala told The Sunday Morning that both projects had a combined generation capacity of around 500 MW and the value of both projects had been set as $ 500 million.

It is learnt that the Adani Group has informed the Government of its intentions of completing the proposed projects within a period of one year.
The Sunday Morning on 24 October and 5 December 2021 exclusively reported that the Adani Group was to invest in renewable energy projects in the Northern Province.

However, three key renewable energy generation projects in the North and Eastern Provinces have now been assigned to Indian investments.

Courtesy;Sunday Morning