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Last Updated : 2024-05-19 17:25:00
7 May 2024 10:00 am - 21 - {{hitsCtrl.values.hits}}
Colombo, May 7 (Daily Mirror) - The government has given the green light for the development of 484 Mega Watt wind power stations in Mannar and Pooneryn.
This initiative comes as a memorandum of understanding (MoU) signed with Adani Green Energy Limited of India.
In line with this decision, the Cabinet appointed a negotiation committee tasked with evaluating the project proposal submitted by the company.
Following the recommendations of the committee, the Cabinet has approved the resolution presented by the Minister of Power and Energy.
This resolution accepts the final price of USD 8 and 26 cents per KW for the electricity generated under the proposed project, subject to payment in Sri Lankan Rupees based on the actual foreign exchange rate.
The wind power project will award this tender to Adani Green Energy SL Limited for a duration of 20 years.
This is reality Tuesday, 07 May 2024 10:38 AM
All attempts at disruption have "gone with the wind"
Rip Winkle Tuesday, 07 May 2024 11:07 AM
WHO'S GOING TO BENEFIT FROM THIS? ADANI AND SRI LANKA'S KAPPAN TAKING MINISTERS ONLY!
jude Tuesday, 07 May 2024 11:09 AM
Another VFS scandal. Unless public uproar starts, RW will continue his making Sri Lanka part of India dream
yoshan Tuesday, 07 May 2024 11:13 AM
Who accept pricing this early for a power plant that has not yet even built? Dont they know rates fluctuate based on market conditions? This will be like the hedging deal for oil where the Government ends up paying higher than market rates because they are locked in a contract. Besides, electricity is in national interest. Why outsource it to Indian company?
Mahila Tuesday, 07 May 2024 03:11 PM
You need 3 to 4 years’ time from “Contract date to Manufacture, Install, complete Start-Up, Testing and Commissioning”, after which it will come on Stream! Earlier you start – “NOW” - then assured, uninterrupted Power supply w/o Power shedding!!!??? The funding is IMPORTANT - SL has NO Money, to even "wash their backs"!! How could country unable to meet NEEDS, enable WANTS!? Hobsons' Choice!!! If you need FUNDS, borrowing Sensibly, Borrower needs Comprehensive Feasibility study, w/o which NO one will fund, unless he is an Idiot!? Idiots won't and don’t have money, fund projects!? Feasibility study enables “Project Implementer” to arrive at Marketable Unit Rate sustaining Project, which is USD 8.26 cents, payable converted prevailing exchange rate today – 20 YEARS in SL Rs!!?? If SL going forward, think, are so emancipated or Foolish to entertain, Cabaal Cabraal or Dr WDL trying to experiment Modern Monetary theory, that's Lankan voters' issue and rate plunges like last time to 450 Rs!
Experienced person Tuesday, 07 May 2024 01:22 PM
Well done. Please go ahead. Do not delay the project. It’s in Sri Lankan soil. We Sri Lankans will definitely benefit. We have learnt a bitter lesson from Japan. They have refused to engage in construction of the rail line in the city to ease congestion. Once bitten twice shy.
Dislike Tuesday, 07 May 2024 02:31 PM
You understand and not the biased (apparently educated) anti govt skunks.
Raj Tuesday, 07 May 2024 01:30 PM
Please explain me USd 8.26 per KW mean LKR 2400 per unit ??? Where they pay for Solar power purchase is LKR 37 per unit
Mahila Wednesday, 08 May 2024 05:44 AM
Raj, The customer pays for the "MIX"!!?? Nobody, pays for electricity, separately costed as HYDRO, NUCLEAR, THERMAL coal and THERMAL hydrocarbon, SOLAR or WIND Power!!!??? The Utility Provider (UP) normally has a Mixture of Generation/Supply Types, to ensure continuous SUPPLY - ALL SEASONS AND ALL EVENTUALITIES!? That ensures, continuity of supply to customer!!!??? That is the crux of the matter!!! Once that is stabilised, the Utility Provider finds a STABLE RATE/KW unit of supply to customer, which depends on USAGE/DEMAND and "THE MIX' of Energy Input!!?? So, it wouldn't be USD 8.26 = SL Rs 2400 per Unit, but dependent on, What "THE MIX", ultimately costs!!?? Much Lower!!!??? Wind, Solar though of high UNIT rate and “Hydro much less expensive”, would immensely CONTRIBUTE to MEET 2035 and 2050 Carbon TARGETS!!?? Immense Help!?
Tissa Fernando Wednesday, 08 May 2024 05:55 AM
That is a huge and excessive amount. This bunch of Ranil's thieves are robbing the country to the bottom. Rajapakshas did not rob to that extent. At least they built infrastructure. But Ranil is selling even the wind. If you carefully look in the history, UNP led governments from 1977 destroyed this country. Dudley was not better. DS was the only leader the UnPers could be proud of. Now Ranil has taken the sword.
L Jaya Tuesday, 07 May 2024 01:39 PM
USD 8.26 per KW is too expensive , also after 20 years the plant should be in good order and Adani should maintain free of charge at least 5 years upon handing over to CEB. It is most irritating to listen to Kanchana, the minister who always attack opposite and very aggressive. In any case only few months for these blokes.
Mahila Wednesday, 08 May 2024 02:33 PM
L Jaya, "Adani should maintain free of charge at least 5 years upon handing over to CEB." SL's are good at asking everything FREE, but in the real world that doesn't happen that way!!?? You may get it then the rate would be higher than USD 8.26/KWH!!??? When people are born and sustained on FREE Rice as staple food, IT IS VERY HARD FOR ANYON E TO WEAN THEM AWAY FROM "FREEBEES"!!??? WORLD OF FREE LUNCHES DOESN’T EXIST IN THIS REAL WORLD!!??
Sambo Tuesday, 07 May 2024 02:10 PM
The government will approve anything for Adani and Ambani and Indian investors.
suresh Tuesday, 07 May 2024 02:42 PM
Yoshan- it is outsourced, because you are not capable of producing it your self and do not have the capacity or money to do so
jude Tuesday, 07 May 2024 04:20 PM
Mahila In 20 years - Those windmills will be broken down or in serious need of refurbishment. With your logic, only option is to hand over the plant again to Adani may be at three times the rate after 20 years. Just because you don't have money, that doesn't mean you should enter into shady business deals with a country that has dubious interest in SL.
Mahila Wednesday, 08 May 2024 05:24 AM
Jude, Yes, you need refurbishment of Moving/rotating Parts of them; Not the Structures (Pylons, Concrete Foundation, transport and Installation) as such which is the major cost component - Painted and maintained properly!!?? By the time, 20 year hand over, Sri Lankan engineers would and should be able to do, not only Maintenance, but refurbishment, w/o dependence on ADANI and source, replacements of Alternator and Rotor Blades, Independently from Original Manufacturer, which my understanding isn’t ADANI, therefore circumvent them!
jude Tuesday, 07 May 2024 04:24 PM
With the money that's being overspent here, a coal power plant with 3 times the capacity of this plant can likely be built. Of course, that's against Ranil's western green agenda while India keeps building coal power plants in our coast. Some how he probably thinks smoke stays within Indian borders doesn't affect our air quality
jude Tuesday, 07 May 2024 04:32 PM
Suresh -When India declines to provide power because we are not behaving the way they want, what are you going to do? In 1975, Indian Army annexed Sikkim and made it an Indian State. You think they are not going to do the same to SL after they put a bridge? If Government takesover the plant, Indian can say they are sending Indian forces to protect their business interest.
Mahila Wednesday, 08 May 2024 02:45 PM
Jude, Why would they wait till the Bridge is in Place??? If they want to do it - forcefully enter our country, wait for the ‘Land Bridge’ way!!???? They were here in 1987, whether by Invitation or otherwise is a MOOT POINT, and back then we didn't have a Land Bridge??? That DEBUNKS ALL THESE STORIES AGAINST THE LAND BRIDGE – Basic Necessity for “ECONOMIC PROGRESS and PROSPERITY” – NONE ELSE!!??
wsw Thursday, 09 May 2024 01:51 PM
The Indian invasion continues without being invaded.
wsw Thursday, 09 May 2024 02:16 PM
No doubt, it seems the government has been pressured into this deal. On the contrary, wouldn't even rule out a cohort of beneficiaries out of this very costly agreement. The consequences of the much publicised Indian generosity coming to light now.
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