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Adani Fiasco: Did Ex-CEB Chairman actually lie to COPE? What did he tell Treasury Secretary about President’s meeting?

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COLOMBO (News 1st); A letter dated the 25th of November 2021 from the now-resigned Chairman of the Ceylon Electricity Board M.

M. C. Ferdinando to the then-Secretary of Finance S. R. Attygalle has somewhat detailed the matter surrounding the Adani Group investment in renewable energy projects in Sri Lanka.According to point number (3) in the letter, immediately after the progress review meeting on renewable energy with HE the President on 16.11.2021 at the Presidential Secretariat, Ferdinando was directed by HE the President to facilitate M/s Adani green Energy to develop 500 MW win and solar, renewable energy project in Mannar and Punarin, as he had already agreed to invest a substantial amount of FDI in Sri Lanka.“As per this directive, I assumed that this is a proposal of an investor-backed by the Government of India on the basis of the bilateral discussion between the two heads of states,” said the letter.Ferdinando had noted that on the above basis, it is logical to assume that this is an investment proposal on the basis of G-G and can be processed as an investment channeled through the Board of Investment.M.

M. C. Ferdinando who was at the center of controversy following his remarks to COPE as the Chairman of the Ceylon Electricity Board resigned after withdrawing his comments to the Parliament Watchdog.Power and Energy Minister Kanchana Wijesekera tweeted “I have accepted the letter of resignation tendered to me by the CEB Chairman Mr MMC Ferdinando.

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