Adani, Sri Lanka and power

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
Adani dismisses reports of Lanka power project cancellation
The island nation has been trying to fast-track renewable energy projects to hedge against surges in imported fuel costs.
Adani Group admits Sri Lanka reviewing tariff in power deals, but calls it a ‘routine’ exercise
Group dismisses as ‘misleading’ reports in international media that Sri Lanka had cancelled Mannar & Pooneryn projects, hints review process not linked to November indictments by US.
'False and misleading’: Adani Group denies reports of Sri Lanka power deal cancellation
Earlier, the Sri Lankan media reported that the President Dissanayake-led cabinet had revoked a decision made in May 2024
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'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deal with the Sri Lankan government is intact, the company said on Friday, after the AFP news agency reported it had been revoked, citing a government official and a document.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 wind power purchase agreement
US allegations of corruption against Indian group’s executives have brought some foreign projects under scrutiny
Sri Lanka revokes Adani power deal amid US bribery and fraud investigation: Report
Activists have argued that smaller renewable energy providers offered electricity at nearly two-thirds the price proposed by the Adani Group.
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.
Adani Green Energy share price dips as Sri Lanka revokes $440 million power purchase deal
Adani Green Energy shares fell nearly 6% after reaching a day's high, following a report that Sri Lanka cancelled a $440 million power purchase agreement with the company.
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
Adani Energy Standalone December 2024 Net Sales at Rs 348.69 crore, down 60.6% Y-o-Y
Net Sales at Rs 348.69 crore in December 2024 down 60.6% from Rs. 885.01 crore in December 2023. Quarterly Net Profit at Rs.
Adani Energy rises after Q3 PAT jumps 73% YoY to Rs 562 cr
Adani Energy Solutions advanced 1.20% to Rs 810.75 after the company reported 72.9% jump in consolidated net profit to Rs 561.78 crore in Q3 FY25 as compared with Rs 324.90 crore in Q3 FY24.
Island13h
‘Adani Group’s foray into SL blending profit-taking with regional dominance’
By Ifham Nizam The Adani Group’s foray into Sri Lanka’s renewable energy sector has ignited significant debate, blending environmental, economic, and geopolitical narratives. Some of the Group’s ...
Adani Energy Solutions Q3 results: Net profit jumps 73% at Rs 562 crore on-year, revenue rises 28%
The total income of the company increased to Rs 6,000.39 crore in the third quarter of the current fiscal from Rs 4824.2 ...