Fundamental Rights Petitions Against Adani Green Energy’s Sri Lanka Projects Withdrawn

In recent developments, Adani Green Energy has retracted its involvement in wind energy projects in Sri Lanka’s northeastern regions of Mannar and Pooneryn. This decision led to the withdrawal of multiple fundamental rights petitions that had been filed against these projects. 

Project Cancellation Amidst Environmental and Transparency Concerns

In 2024, 5 fundamental rights petitions were filed challenging the Adani Green Energy projects approved by the previous Sri Lankan cabinet. The petitions highlighted environmental hazards and a lack of transparency associated with the projects. Following these concerns, Adani Green Energy notified the Board of Investment about its decision to cancel the wind energy projects, prompting the Attorney General to file a motion leading to the withdrawal of the petitions. 

Government’s Stance on Power Purchase Agreements

The newly elected Sri Lankan government, led by President Anura Kumara Dissanayake, reviewed and sought to renegotiate the power purchase agreement associated with the Adani projects. The previous agreement had set a price of eight cents per unit, which the new administration considered excessive. The government aimed to reduce this rate below six cents per unit to ensure more favourable terms for the country. 

Adani Green Share Performance 

As of March 19, 2025, at 3:00 PM, the Adani Green Energy share price is trading at ₹914.55 per share, reflecting a profit of 1.52% from the previous day’s closing price. 

Conclusion

The withdrawal of Adani Green Energy from the wind projects in Sri Lanka underscores the importance of environmental considerations and transparent dealings in large-scale energy initiatives. It also reflects the Sri Lankan government’s commitment to securing equitable agreements in its renewable energy sector.

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