2 days ago · The roots of the dispute go back to early 2023, when Sri Lanka’s Board of Investment approved Adani Green Energy’s wind power projects at a tariff rate of $0.0826 or 8.26 Sri Lankan cents per ...

3 days ago · Energy giant Adani is facing a fresh hurdle in Sri Lanka for its $ 1 billion investment in green energy. As exclusively reported by the Daily FT on Friday, President Anura Kumara Dissanayake-led new Cabinet on 30 December decided to revoke Adani Energy’s 484 MW wind power energy plants in Mannar and Pooneryn approved by the Ranil Wickremesinghe administration in March 2022 as well as in ...

6 days ago · Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy — for a proposed wind power plant in the island’s Northern Province — following corruption allegations, news ...

2 days ago · The Sri Lankan government has started talks with India's Adani Group to lower the cost of power from two wind power projects the group will build in the island nation's northern province, the ...

6 days ago · Under the deal with Sri Lanka, Adani Green Energy , opens new tab would build two wind power stations in the South Asian island nation's northern province, with a total investment of $442 million ...

5 days ago · The Adani group’s wind power projects in Sri Lanka are in a state of flux, as the island nation’s government on Saturday revoked the pricing agreement for projects. It, however, stopped short of canceling the projects. A committee has been appointed to review the 484 MW wind projects in Mannar ...

6 days ago · Adani's proposed $442 million, 484-megawatt wind power plant in Sri lanka's Mannar and Pooneryn coastal areas was approved for construction in February 2023, but the project has since been stalled ...

6 days ago · 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 ...

6 days ago · Sri Lanka's government has reportedly revoked a power purchase agreement with Adani Group amid corruption allegations against its founder Gautam Adani. President Dissanayake's administration is reviewing the proposed wind power project, while activists have criticized the high electricity costs and environmental concerns have led to a Supreme Court challenge. Adani Group later denied the report.

6 days ago · Sri Lanka has revoked the power purchase agreement with the Indian conglomerate Adani Group due to corruption allegations, reported the Agence France Press (AFP) citing sources from the country’s energy ministry on Friday. The Adani Group, however, said that the news is ‘false and misleading’.