Adani Group loses big Sri Lanka contract

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 ‘revokes’ power purchasing deal with Adani
Sri Lanka revokes Adani Green Energy power purchase agreement amid corruption allegations, project under review.
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
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deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
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 Power Purchase Deal With India's Adani
Sri Lanka has revoked a power purchase agreement with Indian conglomerate Adani Group following allegations of corruption, energy ministry sources in Colombo said Friday.
‘False and misleading’: Adani Group denies cancellation of Sri Lanka's $440 million power purchase deal; Here's why
The Adani Group has denied reports of the cancellation of its Sri Lanka power power deal, calling the reports as 'false and misleading'. The spokesperson of the ports-to-power conglomerate issued a statement on Friday,
Setback for Adani as Sri Lanka revokes power purchase deal after bribery allegations by US: Report
This comes after Sri Lankan President Anura Kumara Dissanayake's administration probed the Adani Group's local projects due to the US charges against it

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