Reuters - The Sri Lankan government has started talks with India's Adani Group to lower the cost of power from two wind power projects the group will build in the island nation's northern province, the cabinet spokesman said on Tuesday (28).
Sri Lanka has been reviewing the group's local projects after U.S. authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts.
Adani has denied the allegations.
"The Sri Lankan government is of the stance that we want a lower price and discussions with Adani have already started," cabinet spokesman and Health and Media Minister Nalinda Jayatissa said.
The government thinks it is possible to bring prices to about $0.06 per kilowatt-hour (kWh) or lower, below the earlier proposed price of $0.08, he said.
Adani did not respond immediately to a request for comment.
