Adani Group to reopen talks with Sri Lanka after wind project withdrawal
Posted by Editor on February 16, 2025 - 10:32 am
Top executives from the Adani Group are set to reopen discussions with the Sri Lankan government next week, just days after the company announced its withdrawal from a major wind energy project in the country, reports say.
Adani’s withdrawal marks the second major foreign investment exit from Sri Lanka in recent months. In December 2024, the Australian firm United Petroleum also pulled out of its project in the country.
With new talks on the horizon, both sides are expected to explore ways to revive the wind energy project, potentially addressing tariff concerns and regulatory challenges.
Latest Headlines in Sri Lanka
- Sri Lanka tests card payment system on expressways April 10, 2025
- Sri Lanka plans new animal census for better wildlife management April 10, 2025
- Trump pauses tariffs for most countries, escalates trade war with China April 10, 2025
- China strikes back: Tariffs soar to 84% in escalating trade war April 9, 2025
- Sri Lanka launches bold anti-corruption drive April 9, 2025
Great. Provide the end of life care to our ex-presidents. There is plenty around to make a good profit.