Board of Investment Sri lanka approved two wind power plants proposed by India’s Adani Green Energy Ltd with a total investment of $442 million today. The two wind power plants with the capacity of 350 MW each are scheduled to be commissioned in two years.
According to the statement issued bi the BOI the power plants 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 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.
