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Of late, the Adani Group has plans to expand its renewable hold over other corners of the world as well. Adani latest updates reveal that it plans to invest 750 million USD in the Sri Lanka power sector. So, let us look at why the Adani Group is willing to invest in the power sector of Sri Lanka and how this project will benefit the people at large.
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The conglomerate operates various solar and wind power projects in different corners of India. It is also currently working on multiple renewable projects. Of late, the Adani Group has plans to expand its renewable hold over other corners of the world as well. Adani latest updates reveal that it plans to invest 750 million USD in the Sri Lanka power sector. So, let us look at why the Adani Group is willing to invest in the power sector of Sri Lanka and how this project will benefit the people at large.
Why Does the Adani Group Plan to Invest in The Renewable Sector in Sri Lanka? • The decision to invest 750 million in Sri Lanka's power sector by the renowned conglomerate is aimed at further strengthening the energy infrastructure of Sri Lanka and promoting a transition to a more sustainable power source. This makes a way towards a greener planet. Adani Green, a subsidiary of the Adani Group, will take charge of the Adani Sri Lanka power project. Like some of the major nations in the world, Sri Lanka has also brought down its focus on developing its energy infrastructure. This will help the country meet its electricity needs, and the direct impact on the environment will also be considerably reduced.
The Adani Group, aiming to transform India's energy sector completely, looks forward to enhancing its execution capability during the upcoming fiscal year. The conglomerate is also working relentlessly on achieving its milestone of becoming the largest renewable energy sector in the entire world. Looking at how the conglomerate is progressing, the Gautam Adani-led company will successfully achieve its goal within the next decade.