Business
Adani wind farms in Mannar and procedural challenges in Swiss auction
India’s Adani Group, which has committed SL’s single largest FDI in the power sector by committing to invest over a billion dollars in setting up ~500MW wind projects in Mannar and Pooneryn region, is facing resistance from a lobby group. The reason is unclear, says Vinayak Maheswaran – an equity and economic analyst at an equity markets platform who was also a former analyst at Wells Fargo Advisors.
He puts forward his argument as follows.
“Initially they said the project harms the environment. This when the Environment Impact Assessment (EIA) was done by a renowned professor and the government promised to implement the suggestions made in it and by public to minimize environmental impact. Several other Renewable Energy Organizations, Climate Organizations, environment organisations like the National Environment Caucus, Youth for Renewable Energy Organization, Sri Lanka Blue Green Alliance too conducted their own studies and have decided to back the project.”
“Then they raised questions on process not being followed. Sri Lanka’s Electricity Act allows proposals under G-2-G mechanism and the Adani’s project falls under this. The laid down process being followed for ages is government floats an RFP (Request for Proposal) and developers respond against it. As per procurement guidelines, any tender needs to go through the same process of Technical Evaluation by Project Committee of CEB & thereafter tariff negotiation by Cabinet Appointed Negotiation Committee (CANC). This was followed and done for the Adani project, which has been approved by the Public Utilities Commission of Sri Lanka (PUCSL). So where is the question of process not being followed?”
“In spite of the government negotiating an extremely competitive tariff (USC 8.26 or LKR 24.78/ unit), those against it are complaining on it being high and are seeking a Swiss auction (where new players are allowed to bid below the finalized tariff). Are they aware that Swiss auction is illegal in SL, and like most nations, SL too has put an end to this practice, citing procedural challenges? Incidentally, the same Swiss auction is not being demanded on other similar projects which have been cleared in the recent past and at a higher tariff. Double standards, anyone?”
Tariff negotiated by the government is clearly the best SL is getting currently is evident from the table below.
“None of the other recently approved projects are facing any opposition, inspite of their tariffs being higher. Take the example of an Australian firm which has proposed a 700 MW of Solar + Battery capacity with a tariff of 16 cents. Applying the same argument levelled against Adani that global benchmark tariffs for wind projects is lower than the finalized tariff, then this project’s global benchmark tariff is 9-11 cents. Has SL agreed to pay an extra US$ 1.9 billion over 25 years on this project? There is no whimper of protest for that.”
“Another example is the 100 MW Odamavadi Solar project, whose tariff too has been approved at 8.75 cents. As per the argument being made, when benchmarking with global benchmark of 2-3 cents, have we have agreed to pay an extra US$ 350 million over 25 years on this project?
What’s the real reason behind those opposed to the project? Why do we want to chase Adani away, which is reposing tremendous faith in the country by investing in during our time of crisis. Its success will attract fresh investments and will also help SL meet its sustainability goals. On government and civil society’s end, we must ensure the environment and CSR commitment made by it is met.”
“Policymakers and concerned citizens need to look at the larger picture of if somebody has the appetite for implementing such large scale RE projects, why aren’t they doing so, instead of delaying the existing ones? Does it not show that they are not interested in making any investments but rather derailing the projects coming on ground? There are many other wind & solar sites available in the country. Why aren’t they putting money where their mouth is and set up projects there at global benchmark tariffs they themselves are quoting?”
“SL needs RE energy and needs it quick. It needs partners who will offer competitive tariffs and set up projects in time and budget. Hence their antecedents are important. Adani Group is amongst world’s largest RE players and is setting up world’s largest RE park in India. It has a reputation to keep by completing the project in time and budget.”
“SL hasn’t seen a project of this scale which can potentially upend its energy dynamics and take the country closer to self-reliance and reduce dependence on fossil fuels. The Mannar + Pooneryn projects will save US$ 270+ Mn annually by displacing higher cost fuel-based tariffs. The project will generate ~1,500 million units of power per year – corresponding to meeting energy demand of 0.6 million households and equivalent to cutting 1.06 Mn tons of CO2 emission per year,” Maheswaran argues.
Business
UN Global Compact Network Sri Lanka mobilizes business to lead with purpose
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating.
It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together business leaders, sustainability practitioners, policymakers, development partners and industry experts to mobilize collective action and equip businesses with the knowledge, partnerships and practical approaches needed to strengthen performance through responsible business.
More than a forum for dialogue, CATALYZE 2026 was designed to help businesses think differently about performance. It reinforced that long-term success is increasingly shaped by how organizations lead, uphold human rights, foster inclusive workplaces, strengthen ethical governance, and build cultures that enable innovation, resilience and trust. Responsible business is no longer separate from business performance — it is fundamental to it.
Aligned with the UN Global Compact’s 2026–2030 Global Strategy, the Forum reflected its three strategic pillars — Equip, Catalyze and Advance — by strengthening business capability, fostering collaboration and mobilizing leadership to accelerate progress on social sustainability.
UN Global Compact Network Sri Lanka’s approach to social sustainability centres on driving this change — recognizing that meaningful progress comes not only through policies and commitments, but through the everyday decisions, leadership behaviours and organizational cultures that shape how businesses operate. CATALYZE 2026: Social encouraged participants to move beyond intention towards implementation, embedding responsible business practices into strategy, governance and organizational culture.
Opening the CATALYZE 2026: Social, Rathika de Silva, Executive Director of UN Global Compact Network Sri Lanka, spoke to the role of responsible business leadership in strengthening Sri Lanka’s global competitiveness:
“Sri Lanka has the workforce, resilience, and opportunity to compete not by being the cheapest producer, but by becoming the most trusted. As global expectations evolve, compliance is no longer simply a cost of doing business — it is the foundation of market access, and the decisions we make today will determine how strongly we compete in the markets of the future.”
The Forum featured keynote addresses, leadership dialogues and technical sessions on the issues shaping the future of business, including business integrity and anti-corruption, human rights, neurodiversity and inclusive workplaces, artificial intelligence and the future of jobs, the Women’s Empowerment Principles (WEPs), responsible sustainability communications, and workforce resilience. Together, these discussions highlighted how responsible leadership, inclusive practices, and strong governance contribute to organizational resilience, innovation, and long-term performance.
Business
A regional conversation on the future of English language teaching
Free British Council online conference brings together leading educators from across South Asia to explore how creativity, inclusion and technology can help prepare learners for a rapidly changing world
The British Council has announced the South Asia TeachingEnglish Online Conference 2026, a free three-day event that will convene educators, researchers and teacher educators from across the region to examine one of the most pressing questions facing education today: how can schools equip learners with the creativity, adaptability and communication skills needed to thrive in an increasingly complex world?
Taking place from 23–25 July 2026, the online conference comes at a time when education systems across South Asia are grappling with the challenge of balancing curriculum demands, assessment pressures and evolving learner needs. While English remains a critical gateway to academic and professional opportunities, educators are increasingly seeking approaches that move beyond language acquisition alone to foster critical thinking, collaboration, learner agency and participation.
Business
The Ceylon Chamber convenes dialogue on energy security and standards for Sri Lanka’s energy transition
The Ceylon Chamber of Commerce recently hosted a discussion titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets”, bringing together representatives from the public and private sectors, industry experts, academics, and other stakeholders to examine the opportunities and challenges associated with Sri Lanka’s evolving energy landscape.
Held at a time when countries around the world are accelerating their transition towards cleaner, more resilient, and technology-driven energy systems, the event provided a timely platform to examine renewable energy not only as an environmental priority but as a strategic pillar of national energy security, with implications for economic growth and long-term competitiveness. The discussion also considered the increasing importance of reliable energy infrastructure in meeting the growing demands of digital transformation, including emerging technologies such as artificial intelligence, electric mobility, and data centres.
The programme covered a wide range of topics relevant to Sri Lanka’s energy future, including renewable energy development, energy security, regulatory and policy frameworks, electricity sector reforms, energy storage systems, grid modernization, investment and financing considerations, and international experiences in energy transition. Particular attention was given to the need for creating an enabling environment that supports innovation, attracts investment, including the technical and safety standards required to protect consumers and businesses as storage and solar adoption scales nationally.
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