New Delhi: A green hydrogen factory would be built in Sri Lanka by billionaire Gautam Adani, whose group is building a container terminal and a 500 MW wind project there. Ranil Wickremesinghe, the president of Sri Lanka, was in town when Adani met him to talk about the new business and continuing projects.
“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,” he tweeted.
At Colombo Port, a significant transhipment hub in South Asia, the Adani Ports and Special Economic Zone (APSEZ) is building a USD 700 million container port. Just 176 nautical miles from the port of Colombo, the Adani group is also making the Vizhinjam seaport project in Kerela.
Adani Green Energy, a subsidiary of the company, is constructing two wind farms totaling 286 MW in Mannar and 234 MW in Pooneryn at the cost of USD 500 million. By December 2024, the projects are expected to be finished. The billionaire mentioned a new idea but still needs to provide details: green hydrogen.
Green hydrogen is considered cleaner than other forms of hydrogen as it is produced by splitting water using renewable energy. Hydrogen emits water vapour when it burns. Adani New Industries Ltd (ANIL) is targeting to produce one million tonnes of green hydrogen by 2030.