Adani Group loses Sri Lanka power contract

Sri Lanka's power purchase deal intact, Adani says, denying AFP report
India's Adani Group's power purchase deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
Adani Group denies cancellation of Sri Lanka power purchase deal, says it is committed to invest $1 bn for green projects
Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.
'False and misleading’: Adani Group denies reports of Sri Lanka power deal cancellation
Earlier, the Sri Lankan media reported that the President Dissanayake-led cabinet had revoked a decision made in May 2024
Sri Lanka revokes power purchase deal with Adani Group, AFP reports
Sri Lanka has revoked a power purchase deal with India's Adani Group after a probe into U.S. allegations that the conglomerate's executives paid bribes to secure Indian power supply contracts, according to an AFP report published by the Economic Times newspaper on Friday.
Sri Lanka power project not cancelled, tariff is being re-evaluated: Adani
This is not 1st time the project has been in the news. In 2022, there was a political furore in Sri Lanka over the awarding of wind energy projects to Adani Green Energy without a tendering process
Adani dismisses reports of Lanka power project cancellation
The island nation has been trying to fast-track renewable energy projects to hedge against surges in imported fuel costs.
Sri Lanka cancels Adani Group's $440M power purchase deal
Sri Lanka has canceled a power purchase agreement with Adani Group, amid corruption allegations against the company's founder, Gautam Adani . The decision was taken by President Anura Kumara Dissanayake's administration, which is now reviewing the proposed wind power project.
Adani Group Rejects Claims Of Sri Lanka Wind Power Project Cancellation
Adani Group said that the Sri Lankan government's tariff review is a routine measure under the new administration and does not impact its planned wind power projects in Mannar and Pooneryn.
Sri Lankan govt revokes tariff pact and to renegotiate power deal with Adani Green Energy: Sources
Sri Lanka’s new government plans to renegotiate its power purchase agreement with Adani Group for wind energy projects.
Sri Lanka revokes Adani power deal amid US bribery and fraud investigation: Report
Activists have argued that smaller renewable energy providers offered electricity at nearly two-thirds the price proposed by the Adani Group.
Adani Group denies cancellation of Sri Lanka power purchase deal
India’s Adani Group has denied the cancellation of its $440 million power purchase deal with Sri Lanka, terming the reports as “false and misleading”
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