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Adani Clarifies Controversies Regarding The Adani Sri Lanka Project

The Adani Group has recently denied the cancellation of the Adani Sri Lanka power purchase deal. The global conglomerate has mentioned that it is committed to investing 1 billion USD for various green energy projects in Sri Lanka. The business group had earlier signed the deal with the Sri Lankan Government for the implementation of the project.

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Adani Clarifies Controversies Regarding The Adani Sri Lanka Project

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  1. ADANI CLARIFIES CONTROVERSIES REGARDING THE ADANI SRI LANKA PROJECT

  2. The Adani Group has recently denied the cancellation of the Adani Sri Lanka power purchase deal. The global conglomerate has mentioned that it is committed to investing1 billion USD for various green energy projects in Sri Lanka. The business group had earlier signed the deal with the Sri Lankan Government for the implementation of the project. However, the project operations are currently under review. Once the Adani Group receives the necessary approvals, it will be able to continue its work on the project with full force.

  3. Adani’s Plans For Investment In The Renewable Energy Sector Of Sri Lanka: The Adani Group, one of the most reliable business groups on a global scale, is known for its elaborate business presence in Sri Lanka. Since time immemorial, the business group has been working on multiple Adani Sri Lanka projects. These projects have not only helped benefit the Sri Lankan economy but have also helped the Adani Group in further extending its International boundaries. Over the past few months, the Adani Group has been in talks with the Sri Lankan Government regarding an investment worth 1 billion USD to be made by the global conglomerate on various renewable energy projects in Sri Lanka. These projects are currently under review.

  4. The Various Controversies Associated With The Adani Sri Lanka Project: Earlier in the day, it was reported that the Sri Lankan president Anura Kumara Dissanayake’s administration investigated the Adani Group’s local project. This was done following the allegations of bribery scam from investors in the US on19th November 2024. Over the past few days, there have been a lot of allegations and controversies on the fact that the Adani Sri Lanka project has been revoked from the Adani Group and the Adani Group is no longer in possession of the power purchase deal for executing green power projects in the country.

  5. How Did The Adani Group Clarify The Controversies? Clarifying the report, the Adani Group has issued a statement. The global conglomerate has mentioned that reports that Adani’s 484 MW wind power project in Mannar and Ponneryn have been cancelled are completely false and misleading. The business group has categorically stated that the power deal has not been reported. The Sri Lankan cabinet’s decision of 2nd January 2025 to reevaluate the tariff approved in May 2024 is a part of the standard review process. This is normal, especially with a new government in force. This will ensure that the terms align with the current priorities and the energy policies of the country.

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