As per the agreement with Sri Lanka, two wind power projects in Mannar town and Pooneryn village were to be constructed by Adani Green. Both the projects were located in the northern province of the country and were expected to cost $1 billion.

Last month, the government said it had begun talks with the Adani Group to trim the cost of power from the projects, estimated to cost a total of $1 billion, to about $0.06 per kilowatt-hour (kWh) or less, versus an earlier figure of $0.08.

Ahmedabad: Adani Green Energy on Thursday said it is withdrawing from further engagements in the renewable energy (RE) wind energy project and two transmission projects in Sri Lanka. However, it reaffirmed the availability of any development opportunity in the South Asian country.

Adani Green Energy has withdrawn from two wind power projects worth $1 billion in Sri Lanka after the government sought to reduce the tariff. The projects, set to be completed by 2026, were scrutinized following a political change.

India's Adani Green Energy said it will withdraw from two proposed wind power projects in Sri Lanka, according to a letter sent by the company to a Sri Lankan government agency. The Sri Lankan government said last month it has started talks with the Adani Group to lower the cost of power from the projects estimated to cost a total of $1 billion.

"Adani Green Energy has conveyed its Board's decision to respectfully withdraw from further engagement in the renewable energy (RE) wind energy project and two transmission projects in Sri Lanka," the