JUNE 20239Energy Minister Kanchana Wijesekara has stated that the Adani Group's 500 MW renewable energy project in Sri Lanka's north and east will be finished by December of next year. "Progress of the 500 MW Renewable Energy Project in Mannar & Pooneryn was discussed with Anil Sardana, MD & CEO of Adani Transmission Ltd. & project management team", Wijesekara posted on Twitter while updating followers on the project's status.After his meeting with the Adani Group executives here, Wijesekara stated, "We discussed the challenges, road map, and timeline for the project completion and the commitment by Adani Green Energy to complete the project by December 2024". According to officials, this was the first review since the one that was done in February.The Adani Group received authorization in August of last year to begin wind generating projects in Pooneryn, in the northeast of the nation. Provisional approval for two wind projects totaling 286 MW in Mannar and 234 MW in Pooneryn, with a combined expenditure of more than $500 million, was given to Adani Green Energy. In addition to their investment in the Western container terminal of the port of Colombo, the Adani Group has also made investments in the energy sector of Lanka.The group's leader, Gautam Adani, met with the then-president Gotabaya Rajapaksa in October 2021 to advance their interests in the nation after they agreed to build the western container terminal at Colombo port during the Rajapaksa administration. TOP STORIESSJVN Green Energy, a state-owned subsidiary of SJVN Ltd, won a 200 MW wind power project worth Rs.1,400 crore in a tariff-based competitive bidding process run by Solar Energy Corporation of India. According to a BSE filing, SJVN Green Energy would create this wind power facility anywhere in India under an EPC (engineering procurement construction) contract.It stated that the estimated cost of building or developing this project is Rs.1,400 crore. SJVN Green Energy, a fully owned subsidiary of SJVN Ltd, took part in the tariff-based competitive bidding process for Solar Energy Corporation of India's (SECI) Phase-XIV selection of wind power developers for the establishment of 1,200 MW ISTS (inter-state transmission system) connected wind power projects in India.Through an e-RA (reverse auction) held on June 12, 2023, SJVN Green Energy won the full quoted capacity of a 200 MW wind power project at the price of Rs 3.24/Unit on a build own and operate (BOO) basis. After the SECI issues the LOI (letter of intent), the Power Sell Agreement (PSA) will be signed.The project is anticipated to produce 578.16 MUs (million units) annually, with a total 25-year energy production of roughly 14,454 MUs. According to the RFS (request for solution), the project will be commissioned 24 months after the PSA is signed. This project's completion is anticipated to result in a reduction of 7,08,246 tonnes of carbon emissions, helping the government achieve its goal of lowering emissions overall. SJVN GREEN ENERGY GRABBED 200 MW WIND ENERGY PROJECT WORTH RS.1,400 CROREADANI GROUP'S WIND POWER PROJECT IN SRI LANKA WILL BE COMPLETED BY DECEMBER 2024
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