Adani Group says it will withdraw from wind power projects in Sri Lanka3Foto© hindustantimes.com

Adani Group says it will withdraw from wind power projects in Sri Lanka

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Adani Green Energy Ltd will not be building two wind power projects in Sri Lanka after the government sought lower tariffs, Bloomberg reported, citing a letter from the Adani Group.

Adani Green Energy, a business based in India, informed a Sri Lankan government body in writing that it would be pulling out of two proposed wind generating projects in the country.(Reuters)

HT can't independently verify the information.

The proposed wind projects in Mannar and Pooneryn, including transmission lines, would have resulted in a $1 billion investment for Sri Lanka if it had happened, according to the report.