Adani Power Project in Sri Lanka: SJB Accuses Government of Financial Fraud

Sri Lanka’s main opposition party, the Samagi Jana Balawegaya (SJB), has raised concerns over the government’s approval of a project to develop wind power stations in Mannar and Pooneryn with Adani Green Energy Limited of India.

Former SJB MP Ajith P. Perera accused the government, particularly President Ranil Wickremesinghe and Minister of Power and Energy Kanchana Wijesekera, of facilitating a large-scale financial fraud by awarding the project without a competitive tender process. According to Perera, the approved purchase price for electricity generated by Adani’s wind power stations is $0.0826 per KW, significantly higher than the $0.0488 per KW quoted by WindForce PLC, a company selected through a tender process to build a 50 MW wind power station in Mannar.

Perera claims this decision will cost Sri Lanka millions of dollars over the next 20 years, resulting in a loss exceeding a billion US dollars.