Adani Group Receives Approval for Two Wind Power Plants from BOI

Thursday, 23 February 2023 - 11:43

Adani+Group+Receives+Approval+for+Two+Wind+Power+Plants+from+BOI

Board of Investment approved two wind power plants by India's Adani Green Energy Ltd with a total investment of 442 million dollars.

The two wind power plants of 350 Mega watts are scheduled to be commissioned in two years and accordingly, they will be added to the national grid by 2025.

Adani Green Energy is the renewable energy unit of the embattled Adani Group, whose seven listed companies have lost some 125 billion dollars in market value after a U.S. short seller last month alleged improper use of tax havens and stock manipulation by the apples-to-airports conglomerate.

The Adani Group has denied any wrongdoing.

The Sri Lankan Board of Investment statement said the Adani wind power project will generate 1,500 to 2,000 new job opportunities.


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