Here’s another ‘Good News’… Rejection of Adani’s power plant saves the  Rs. 350 billion

The Public Utilities Commission decided to suspend the award of the 480 MW wind power plants to be developed in Mannar and Poonareen areas to the Adani Company of India based on several factors, including the non-submission of feasibility reports It has saved Sri Lanka Rs. 350 billion.
This was confirmed after the tender for the 50 MW wind power project of Sri Lankan companies, which opened this morning (26).
Domestic companies in Sri Lanka have submitted competitive tenders for the 50 MW wind power project, ranging from 4.98 to 5.90 US cents per kilowatt hour.
Accordingly, the prices offered by local companies are WindForce – 4.88 US cents, Vidullanka consortium – 4.98 US Cents, Lakdhanavi – 5.90 US cents, etc.
In stark contrast,  Adani had priced the Mannar and Poonareen wind farms at a significantly higher rate of 08.26 US cents per kilowatt hour for 20 years.
Commenting on this, Wasantha Samarasinghe, the National Executive Member of the National People’s Power, emphasized that while the price of the 50 MW wind power plant is 5 cents, the price of the 480 MW Adani plant should be at least 2.5 cents per kilowatt hour.
He also pointed out that as the price of a one thousand megawatts wind power project in Dubai has been set at one cent per kilowatt hour, one can imagine the value of the underhand commissions of this system.
Wasantha Samarasinghe further emphasized that the country should be thankful to the officers of the Public Utility Commission, who saved the country Rs. 350 billion by not falling into fraudulent schemes to put the country on a mortgage.

The post Here’s another ‘Good News’… Rejection of Adani’s power plant saves the  Rs. 350 billion appeared first on LankaTruth English.