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Gautam Adani and Sri Lankan President Plan to Establish Green Hydrogen Project and Wind Project

The group's renewable energy arm, Adani Green Energy is outlaying USD 500 million to establish two wind projects 286 MW in Mannar and 234 MW in Pooneryn, scheduled for completion by December 2024.

July 24, 2023. By EI News Network

Gautam Adani planned to establish a green hydrogen plant in Sri Lanka, where his consolidate is already developing a container terminal and a 500 MW wind project.

Adani met Sri Lankan President Ranil Wickremesinghe, who recently visited India to discuss ongoing projects and the new venture.

Speaking upon the development, he tweeted, “Great Honour to have met H.E. President Ranil Wickremesinghe to discuss a fascinating set of projects in Sri Lanka including continued development of Colombo Port West Container Terminal, 500 MW wind project, and extending our renewal energy expertise to produce green Hydrogen.”

The Adani Ports and Special Economic Zone (APSEZ) is developing a USD 700 million container terminal at Colombo Port, which is a major transshipment hub in South Asia. The Adani group is also developing the Vizhinjam seaport project in Kerala, just 176 nautical miles from the Colombo port.

Furthermore, the consolidate's renewable energy arm, Adani Green Energy is outlaying USD 500 million to establish two wind projects 286 MW in Mannar and 234 MW in Pooneryn, scheduled for completion by December 2024.

Green hydrogen is regarded as a cleaner fuel than other forms of hydrogen as it is produced by splitting water utilising renewable energy. Hydrogen releases water vapour when it heats.

Adani New Industries Ltd (ANIL) is aiming to generate one million tonnes of green hydrogen by 2030.

Tags:

Renewable Energy Projects

Adani New Industries Ltd

Colombo Port West Container Terminal