Sri Lanka, Feb. 16 -- The Ministry of Energy said yesterday that it has not yet responded to the letter sent by Adani Green Energy Limited (AGEL) to the Board of Investment of Sri Lanka (BOI) informing them of their decision to withdraw from the US$ 1 billion wind energy projects in Sri Lanka. The Ministry plans to write to AGEL's local representatives tomorrow (February 17) in this regard.

Adani's decision followed a review of the Power Purchase Agreement (PPA) by the National People's Power (NPP) Government. A Cabinet Appointed Negotiations Committee (CANC) and a Project Committee (PC) were constituted to renegotiate the project proposal. Under the existing PPA, the Ranil Wickremesinghe administration had committed to pay US$ 0.08 (eig...