Sri Lanka wants to renegotiate the power purchasing agreement with India’s Adani Group so that a unit of power will be below six USD cents, Cabinet spokesman Minister Nalinda Jayatissa said yesterday.

Addressing the post cabinet media briefing, Minister Jayatissa said the government had not revoked the agreement on a wind-power farm in Mannar, but the power purchasing agreement approved by the Cabinet of Ministers during the Ranil Wickremesinghe government was detrimental to the national economy.

The Wickremesinghe administration had agreed to pay over 8 USD per unit of electricity, he said.

The government had begun discussions with Adani Group on lowering the price. (RK)