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Adani wind farms in Mannar and procedural challenges in Swiss auction

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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.



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Sri Lanka betting its tourism future on cold, hard numbers

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“From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility holds its panel discussion

National Airport Exit Survey tells quite a story

Australia’s role here is strategic, not charitable

In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.

The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.

Tourists have a real sense of achievement after hiking the trail to Ella Rock

The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”

Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.

“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.

“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.

By Sanath Nanayakkare

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New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda

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New Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola

In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.

Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.

“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.

To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:

Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.

Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.

Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.

Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.

Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.

By Sanath Nanayakkare

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Brandix recognised as Green Brand of Year at SLIM Awards 2025

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Brandix has championed best practices in the sphere of sustainable manufacturing over the years

Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.

The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.

A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.

Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”

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