NEW DELHI: Billionaire Gautam Adani has proposed the establishment of a green hydrogen plant in Sri Lanka, adding to his conglomerate’s existing projects in the country, which include a container terminal and a 500 MW wind project.
During a meeting with Sri Lankan President Ranil Wickremesinghe, Adani discussed the progress of ongoing projects and introduced the idea of the new green hydrogen venture. Expressing his enthusiasm, Adani 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 renewable energy expertise to produce green Hydrogen.”
The Adani Ports and Special Economic Zone (APSEZ) is currently involved in the development of a $700 million container terminal at Colombo Port, a strategic transhipment hub in South Asia. Additionally, the Adani group is also working on the Vizhinjam seaport project in Kerala, located approximately 176 nautical miles from the Colombo port.
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. pic.twitter.com/Rsw9dJRhdU
— Gautam Adani (@gautam_adani) July 21, 2023
Furthermore, Adani’s renewable energy arm, Adani Green Energy, is actively setting up two wind projects with a combined capacity of 520 MW in Mannar and Pooneryn, amounting to an investment of $500 million. These projects are expected to be completed by December 2024.
As for the green hydrogen project, specific details were not disclosed in Adani’s announcement. However, green hydrogen is known for its eco-friendliness, as it is produced by splitting water using renewable energy sources and emits only water vapour when burned.
Adani New Industries Ltd. (ANIL) has ambitious plans for green hydrogen production, aiming to produce one million tonnes of clean fuel by the year 2030.
Green hydrogen has been gaining attention as a promising solution to decarbonise various sectors and contribute to the fight against climate change. Its potential to serve as a cleaner alternative to conventional hydrogen makes it a vital component of sustainable energy initiatives.
As Adani expands its footprint in Sri Lanka and continues to invest in renewable energy projects, the proposal for a green hydrogen plant signifies the conglomerate’s commitment to sustainable development and green technologies. With a focus on reducing carbon emissions and promoting clean energy solutions, Adani’s initiatives could have a significant impact on the region’s energy landscape and environmental sustainability.