Colombo, March 20 – Adani Green Energy Limited (AGEL) has categorically denied recent reports suggesting a revision in its renewable energy agreement with Sri Lanka, dismissing claims that it had lowered its pricing to 7 cents per kilowatt-hour as false and baseless.
In an official statement, the company reaffirmed its commitment to the original terms of the agreement with Sri Lankan authorities, emphasizing that its investment plans and project parameters remain unchanged.
However, AGEL also confirmed that Adani Green Energy SL Ltd. has voluntarily withdrawn from the proposed wind energy project in Sri Lanka.
“While the company has wilfully and respectfully withdrawn from the proposed wind project, Adani Group reaffirms that it would always be available to undertake any development opportunity if the Sri Lankan government ever considers it to participate,” the statement read.
The announcement comes amid increased scrutiny over foreign investments in Sri Lanka’s renewable energy sector, as the country seeks to expand its clean energy capacity while ensuring transparent agreements with international partners.
