Sri Lanka’s power purchase deal intact, says Adani


FILE PHOTO: The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 22, 2024. REUTERS/Amit Dave/File Photo

COLOMBO: India’s Adani Group’s power purchase deal with the Sri Lankan government is intact, the company says, after the AFP news agency reported it had been revoked, citing a government official and a document.

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Adani , power , Sri Lanka

Next In Business News

Merdeka 118 Community Grants backs nine projects under Cycle 3
Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets

Others Also Read