The government of Sri Lanka plans to renegotiate the power purchase agreement (PPA) with India’s Adani Green Energy for a 484MW wind power project, aiming to reduce the cost to below $0.06 per unit.

The Sri Lankan government has started talks with India's Adani Group to lower the cost of power from two wind power projects the group will build in the island nation's northern province, the cabinet spokesman said on Tuesday.

The Sri Lanka government will renegotiate the power purchasing agreement with Adani Green Energy for a 484 MW wind power project to bring the cost under USD 0.06 per unit, an official said on Tuesday.

Sri Lanka has canceled a power purchase agreement with Indian billionaire Gautam Adani’s conglomerate after allegations of corruption in a US probe last year, AFP reported citing unnamed government officials.

India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.

Sri Lanka cancelled the agreement after allegations of corruption in a US probe last year, AFP reported citing unnamed government officials.

The Sri Lankan government is negotiating with India's Adani Group to reduce wind power costs amidst allegations of bribery involving its founder, Gautam Adani. Aiming to cut the price per kilowatt-hour,

The initiative aligns with Sri Lanka’s goal of increasing renewable energy sources to address its energy crisis and boost economic recovery.

The Sri Lanka government will renegotiate the power purchasing agreement with Adani Green Energy for a 484 MW wind power project to bring the cost under USD 0.06 per unit, an official said on Tuesday.

COLOMBO: India’s Adani Group’s power purchase deal with the Sri Lankan government is intact, the company says, after the AFP news agency reported it had been revoked, citing a government official and a document.

Adani Group is remapping the viability of building wind power projects in Sri Lanka after the new government sought lower tariffs, people familiar with the matter said, marking a fresh obstacle in billionaire Gautam Adani’s overseas expansion plans.