
Sri Lanka Revokes Power Purchase Pact with Adani Group AFP Says
Sri Lanka Revokes Power Purchase Pact with Adani Group AFP Says
Sri Lanka has revoked a $442 million power purchase agreement with Adani Green Energy for two wind power projects following US allegations of bribery against the Indian conglomerate. The decision, marked as “Urgent & Confidential,” was finalized in early January by President Anura Kumara Dissanayake’s cabinet. Adani denies the cancellation claims, stating it’s a tariff review process. The scandal, involving $265 million in alleged bribes, has triggered global scrutiny of Adani’s projects.
Sri Lanka Revokes Power Purchase Pact with Adani Group AFP Says
Sri Lanka has revoked a power purchase agreement with Adani Group’s renewable energy unit after allegations of corruption levelled against the Indian conglomerate in the US last year that brought some of its foreign projects under fresh scrutiny.
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