Adani Green to Invest $750M in Sri Lanka's Energy Sector

Adani Green, a division of Adani Group, has announced a huge investment of $750 million in Sri Lanka's energy sector,  Adani Ports and Special Economic Zone (SEZ) CEO Karan Adani told ET Now.

This decision aims to strengthen Sri Lanka's energy infrastructure and accelerate the transition to cleaner and more sustainable energy sources.

Sri Lanka, like many other countries, is placing great emphasis on developing its energy infrastructure to meet growing electricity demands while reducing environmental impact. Adani Greenland's significant investment is expected to play a key role in achieving these goals and securing a more sustainable energy future for the country.

In addition to the investment in the power sector, Adani Group has plans to invest nearly $1 billion in the Sri Lanka West Terminal by the fiscal year 2026.

CEO Karan Adani also shared his innovative vision for the future.  Adani Group aims to export renewable electricity from Sri Lanka to India by building a transmission line between Sri Lanka and India. This cross-border cooperation could have a major impact on India's efforts to meet its energy needs with cleaner, greener energy sources.

Additionally, Adani Group is also eyeing other geographies. They are actively seeking strategic investment and acquisition opportunities in the ports sector in parts of West Asia, neighboring countries and Southeast Asia. Adani Green Energy Limited (AGEL) is also planning an investment of Rs 14,000 crore and is targeting an operational capacity of 11 GW in FY24, its CEO Amit Singh said.