Sri Lanka, March 26 -- Last month, Adani Green Energy announced that it would 'respectfully withdraw' from two proposed wind power projects in Mannar and Pooneryn after the government sought to lower the tariff in the power purchasing agreement.

The decision came after the cabinet appointed a committee to renegotiate the price from an earlier hurriedly agreed $. 0.08 to about $0.06 or less per kilowatt-hour (kWh). The Adani group has said the government's proposed rates are 'financially unviable'.

The two Adani Green Energy projects and the construction of two transmission lines were tipped to bring in an estimated investment of $ 1 billion. However, the project ran into controversy during the election campaign, with then-presidential c...