header logo
Asia asset finance
Mogo Academy
Latest
Anura Kumara to ‘definitely cancel’ Adani Group’s energy project if elected
Sep 16, 202406:23 PM
Anura Kumara to ‘definitely cancel’ Adani Group’s energy project if elected

The National People’s Power (NPP) on Monday (16) vowed to cancel the Adani Group’s wind power project in Sri Lanka if it gets elected in the presidential election scheduled for the weekend, according to a news report on PTI.

 

The NPP’s presidential candidate Anura Kumara Dissanayake, who spoke during an Indian political chat show revealed that they would annul the project, the Indian news agency highlighted.

 

Asked if the project posed a threat to the island nation’s energy sector sovereignty, Dissanayake said: “Yes. We will definitely cancel it as it threatens our energy sovereignty.” 

 

The Adani Group has faced fundamental rights litigation in Sri Lanka’s supreme court after it got approval for the proposed construction of a wind power project in the island nation’s north-eastern regions of Mannar and Pooneryn.

 

The conglomerate was set to invest over $440 million in the 20-year agreement for the development of 484 megawatts of wind power in the region.

 

Petitioners have raised environmental concerns and lack of transparency in the bidding process to grant Adani Green Energy the go-ahead.

 

Petitioners have also argued that the agreed tariff of $0.0826 per kilo Watt hour (kWh) would be a loss to Sri Lanka and should be lowered to $0.005 per kWh.

 

--With agencies inputs

 

 

 

MostRead
Mobitel Upahara
VideoStories
"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Lassana Flora