Adani Green to invest $750 mn in Sri Lanka power sector, says Karan Adani

economictimes.indiatimes.com:

Adani Green, a unit of the Adani Group, has announced a substantial investment of $750 million in Sri Lanka's power sector, as revealed by Adani Ports and Special Economic Zone (SEZ) CEO, Karan Adani, in an exclusive interview with ET Now.
The decision is aimed at bolstering Sri Lanka's energy infrastructure and promoting the transition to cleaner and more sustainable sources of power.

Sri Lanka, like many nations, is prioritizing the development of its energy infrastructure to meet the growing demand for electricity while reducing the environmental impact.

Adani Green's substantial investment is expected to play a pivotal role in achieving these goals and ensuring a more sustainable energy future for the country.

In addition to the investment in the power sector, Adani Group has plans to invest nearly $1 billion in the Sri Lanka West Terminal by the fiscal year 2026.
CEO Karan Adani also shared an innovative vision for the future.

The Adani Group aims to export renewable power from Sri Lanka to India by establishing transmission lines between the two nations. This cross-border collaboration could have a significant impact on India's efforts to meet its energy needs with cleaner and greener sources of power.

Furthermore, the Adani Group has its sights set on other regions as well.

They are actively exploring opportunities in parts of West Asia, neighboring countries, and Southeast Asia for strategic investments and acquisitions in the port sector.
The Adani Green Energy Limited (AGEL) has also planned capex of Rs 14,000 crore and aims to achieve operational capacity of 11 GW in FY24, its CEO Amit Singh said.