Error loading plugin while starting appium server

[sudharsan-selvaraj]

Appium version: 2.4.1
Plugin version: 3.0.0

Appium Server log:

[Appium] Attempting to load plugin element-wait...
[Appium] Requiring plugin at /private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/index.js
[Appium] Could not load plugin 'element-wait', so it will not be available. Error in loading the plugin was: Cannot find module '@appium/base-plugin'
[Appium] Require stack:
[Appium] - /private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/plugin.js
[Appium] - /private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/index.js
[Appium] Error: Cannot find module '@appium/base-plugin'
[Appium] Require stack:
[Appium] - /private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/plugin.js
[Appium] - /private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/index.js
[Appium] at Function.Module._resolveFilename (node:internal/modules/cjs/loader:1028:15)
[Appium] at Function.Module._load (node:internal/modules/cjs/loader:873:27)
[Appium] at Module.require (node:internal/modules/cjs/loader:1100:19)
[Appium] at require (node:internal/modules/cjs/helpers:119:18)
[Appium] at Object. (/private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/plugin.js:15:39)
[Appium] at Module._compile (node:internal/modules/cjs/loader:1198:14)
[Appium] at Object.Module._extensions..js (node:internal/modules/cjs/loader:1252:10)
[Appium] at Module.load (node:internal/modules/cjs/loader:1076:32)
[Appium] at Function.Module._load (node:internal/modules/cjs/loader:911:12)
[Appium] at Module.require (node:internal/modules/cjs/loader:1100:19)
[Appium] at require (node:internal/modules/cjs/helpers:119:18)
[Appium] at Object. (/private/tmp/some-temp-dir/node_modules/appium-wait-plugin/lib/index.js:7:34)
[Appium] at Module._compile (node:internal/modules/cjs/loader:1198:14)
[Appium] at Object.Module._extensions..js (node:internal/modules/cjs/loader:1252:10)
[Appium] at Module.load (node:internal/modules/cjs/loader:1076:32)
[Appium] at Function.Module._load (node:internal/modules/cjs/loader:911:12)