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deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.
Sri Lanka Revokes Adani's $442 Million Wind Power Project Amid Court’s Trial And Allegations Of “Backdoor Entry”
Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy for a proposed wind power plant in the Northern Province, amid corruption allegations, AFP reported on Friday (24 January).
Sri Lanka revokes Adani wind power purchase agreement
US allegations of corruption against Indian group’s executives have brought some foreign projects under scrutiny
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.
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.
Sri Lanka Scraps Power Deal with Adani Group: Read Controversies that Marred the Project
In May 2024, the then-President Ranil Wickremesinghe-led government entered into the agreement with the port-to-power group to procure electricity
Sri Lanka revokes power purchasing deal with Adani, say reports
Sri Lanka revokes Adani Group power deal amid U.S. bribery probe, sparking concerns and reviews from partners and investors.
‘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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