Sri Lanka's JVP vows to cancel Adani energy project if elected
3 months, 3 weeks ago

Sri Lanka's JVP vows to cancel Adani energy project if elected

The Hindu  

The Marxist Janatha Vimukthi Peramuna on Monday vowed to cancel the Adani Group’s wind power project in Sri Lanka if it gets elected in the presidential election scheduled for the weekend. We will definitely cancel it as it threatens our energy sovereignty.” The JVP, which led a bloody anti-India rebellion in the island nation between 1987 and 1990 following India’s direct intervention in the Lankan civil war through the Indo-Lanka Peace Accord, is believed to be leading in the unofficial polls ahead of the September 21 election. A crucial election in Sri Lanka | Explained The Adani Group has faced fundamental rights litigation in Sri Lanka’s Supreme Court after it got approval for the proposed construction of a wind power project in the island nation’s northeastern regions of Mannar and Pooneryn. Editorial | Back from the brink: On the Sri Lankan elections and the road ahead Petitioners have raised environmental concerns and lack of transparency in the bidding process to grant Adani Green Energy the go-ahead.

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History of this topic

India’s Adani says his group is committed to compliance after US bribery and fraud charges
1 month, 1 week ago

India’s Adani says his group is committed to compliance after US bribery and fraud charges

Associated Press  

NEW DELHI — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced. And every obstacle becomes a stepping stone for a more resilient Adani Group,” Adani said late Saturday at an …

Sri Lanka ‘should be vigilant’ about Adani power deal following U.S. indictment, say experts
1 month, 2 weeks ago

Sri Lanka ‘should be vigilant’ about Adani power deal following U.S. indictment, say experts

The Hindu  

Sri Lanka should be vigilant about the Adani power project in the island, experts said on Thursday,after Federal prosecutors in New York indicted Group Chairman Gautam Adani and seven others on multiple counts of fraud. When the Adani Group came under the global spotlight in early 2023, and its stocks plummeted in the wake of U.S. short seller Hindenburg accusing …

Ajit Doval, NSA meets key Presidential aspirants in Colombo ahead of Sri Lanka’s September 21 polls
4 months, 1 week ago

Ajit Doval, NSA meets key Presidential aspirants in Colombo ahead of Sri Lanka’s September 21 polls

The Hindu  

Three weeks ahead of Sri Lanka’s crucial Presidential election National Security Adviser Ajit K. Doval, who arrived in Colombo on Thursday, met prominent Presidential aspirants, apart from political leaders representing the island nation’s Tamil and Muslim minorities. In his meeting with President Ranil Wickremesinghe, who is seeking a mandate promising “economic stability”, Mr. Doval discussed ongoing economic collaboration between Sri …

Sri Lanka's SC seeks response from Govt, Adani group on objections against wind power project
6 months, 3 weeks ago

Sri Lanka's SC seeks response from Govt, Adani group on objections against wind power project

Deccan Chronicle  

Colombo: Sri Lanka's Supreme Court has given Prime Minister Dinesh Gunawardena, the Cabinet and the Adani Group three weeks to file preliminary objections to a petition filed by an environmental group against the wind power project undertaken by the Indian conglomerate in the country. Sri Lanka's Adani Group renewable project entails two wind energy projects; a 250 MW in the …

Adani wind energy project challenged in Sri Lanka’s Supreme Court
7 months, 3 weeks ago

Adani wind energy project challenged in Sri Lanka’s Supreme Court

The Hindu  

Adani Green Energy’s wind energy project, coming up in Sri Lanka’s northern Mannar and Pooneryn districts, has been challenged in the island’s apex court on grounds of potential environmental impact and “lack of transparency”. The Wildlife and Nature Protection Society, one of Sri Lanka’s oldest environmental organisations set up over a century ago, on May 16 filed a Fundamental Rights …

Sri Lanka agrees to purchase power from Adani Green
8 months ago

Sri Lanka agrees to purchase power from Adani Green

The Hindu  

Sri Lanka has agreed to purchase powerat $0.0826, or 8.26 cents, per kWh from Adani Green Energy, which is executing a wind power project in Mannar and Pooneryn in the island’s Northern Province. The country’s Cabinet cleared a proposal on Monday for a 20-year power purchase agreement with Adani Green Energy for the development of wind power stations to produce …

Adani wind power project sparks concern in Sri Lanka’s Mannar district
9 months, 3 weeks ago

Adani wind power project sparks concern in Sri Lanka’s Mannar district

The Hindu  

A wind power project being executed by Adani Green Energy in northern Sri Lanka has run into controversy, with locals and environmentalists raising concern over its possible impact on the coastal region and livelihoods. “The project expects to add 250 MW in Mannar and 234 MW in Pooneryn to the national grid,” Sri Lanka’s Minister for Power and Energy Kanchana …

Colombo mulls converting Adani power project to a G2G deal: Sri Lankan media
1 year, 4 months ago

Colombo mulls converting Adani power project to a G2G deal: Sri Lankan media

The Hindu  

In a cabinet memorandum last month, Sri Lanka’s Energy Minister has sought to convert the agreement with Adani Green Energy Limited — for execution of renewable energy projects in the island’s Northern Province — to a government-to-governmental deal, according to Sri Lankan media reports. Leading Colombo-based weekend newspaper The Sunday Times reported on September 3, 2023: “A US$ 400 million …

Adani power project in northern Sri Lanka to be completed by January 2025, says Minister
1 year, 5 months ago

Adani power project in northern Sri Lanka to be completed by January 2025, says Minister

The Hindu  

TheAdani Group’s renewable energy project in Mannar and Pooneryn in Sri Lanka’s Northern Province will be completed by January 2025, according to Minister of Power and Energy Kanchana Wijesekera. The commitment was given when Group Chairperson Gautam Adani met Sri Lankan President Ranil Wickremesinghe in New Delhi on July 21, the Minister said in a tweet. President Ranil Wickremesinghe to …

Adani Group’s power project to be ready by December 2024: Sri Lankan minister
1 year, 6 months ago

Adani Group’s power project to be ready by December 2024: Sri Lankan minister

Live Mint  

Adani Group's renewable energy project to generate 500 MW in Sri Lanka's north and eastern regions will be completed by December next year, Energy Minister Kanchana Wijesekara said on 13 June. “We discussed the challenges, road map, and the timeline for the project completion and the commitment by Adani Green Energy to complete the project by December 2024”, Wijesekara said. …

Adani project is like a government-to-government deal, says Sri Lankan FM: Sri Lankan Foreign Minister Ali Sabry
1 year, 10 months ago

Adani project is like a government-to-government deal, says Sri Lankan FM: Sri Lankan Foreign Minister Ali Sabry

The Hindu  

Colombo sees the Adani projects in Sri Lanka as a “government to government kind of deal”, said Sri Lankan Foreign Minister MUM Ali Sabry, as it was the Indian government that had identified the Adani group for infrastructure projects including Northern Sri Lanka wind power project. Stressing that his government is “very very confident” that Adani Ports, Airports and Energy …

Sri Lanka gives nod to $442-million wind project of Adani Group
1 year, 10 months ago

Sri Lanka gives nod to $442-million wind project of Adani Group

The Hindu  

Crisis-hitSri Lanka has approved a $442-million wind power projectof Adani Green Energy, barely a month since the Indian multinational conglomerate’s stocks plummeted following U.S.-based short-seller Hindenburg’s damaging report on the Group. “Adani, a leading Indian company” received the project approval “to start two wind power plants in Mannar and Pooneryn areas of Sri Lanka,” the Board of Investment of Sri …

Adani Green Energy to set up wind power project in Sri Lanka
1 year, 10 months ago

Adani Green Energy to set up wind power project in Sri Lanka

Live Mint  

Sri Lanka on Thursday announced that it has approved $442 million wind power project by Adani group's Adani Green Energy. Sri Lanka's Board of Investment said Adani Green Energy, part of the business empire of led by Gautam Adani, will set up two wind farms in the island's north, reported AFP. The project comes after Sri Lanka awarded Adani a …

Adani saga worries India’s neighbourhood
1 year, 11 months ago

Adani saga worries India’s neighbourhood

The Hindu  

Caught between a row over the price of coal and this week’s crash in its share valuations and credit ratings, the Adani Power project planned as a major Indian infrastructure push to provide electricity to Bangladesh may be delayed by another six months, local reports said. However, with the group’s slide in fortunes and the cancellation of the Adani Enterprises …

Sri Lankan official resigns amid Adani project row
2 years, 6 months ago

Sri Lankan official resigns amid Adani project row

The Hindu  

Chairman of the Ceylon Electricity Board M.M.C. Ferdinando has resigned, days after he told a parliamentary committee that Prime Minister Narendra Modi had “pressured” Sri Lankan President Gotabaya Rajapaksa to clear an Adani Group project in the island nation. Adani project sparks controversy in Sri Lanka yet again The senior Sri Lankan official subsequently withdrew the statement and apologised after …

Adani project sparks controversy in Sri Lanka yet again
2 years, 6 months ago

Adani project sparks controversy in Sri Lanka yet again

The Hindu  

An Adani project in Sri Lanka is yet again at the centre of controversy, after a top official of the Ceylon Electricity Board told a parliamentary panel that a renewable energy project in the island’s northern Mannar district was given to the Adani Group after Prime Minister Narendra Modi “pressured” President Gotabaya Rajapaksa. Project proposals for large-scale renewable energy projects …

Sri Lanka amends electricity law to remove competitive bidding
2 years, 7 months ago

Sri Lanka amends electricity law to remove competitive bidding

The Hindu  

Sri Lanka on June 9 amended its electricity legislation to eliminate competitive bidding for energy projects in a move that drew sharp criticism from the Opposition. A majority of MPs voted for the amendments to the Sri Lanka Electricity Act in the 225-member House, despite trade unions in the state-run Ceylon Electricity Board strongly resisting the move. On Wednesday, the …

India working overtime to ensure swift assistance to Sri Lanka, says Jaishankar
2 years, 9 months ago

India working overtime to ensure swift assistance to Sri Lanka, says Jaishankar

The Hindu  

Recognising that “timing is key” for Sri Lanka as it tries to cope with a grave economic crisis, the Indian system is working “overtime” to expedite its assistance to the island nation, External Affairs Minister S. Jaishankar said on March 30, wrapping up his visit to the island nation. What would have taken weeks earlier is now taking days,” he …

Adani Group entering country through back door, says Sri Lanka’s Opposition
2 years, 9 months ago

Adani Group entering country through back door, says Sri Lanka’s Opposition

The Hindu  

The Adani Group’s “back door” entry into Sri Lanka’s energy sector disrupts the country’s competitive electricity generation system, the Opposition has said, accusing the Rajapaksa government of “pampering” Prime Minister Narendra Modi’s “notorious friends”. The statement follows a recent agreement signed by India’s Adani Group to set up two renewable energy projects in Mannar and Pooneryn, in Sri Lanka’s Northern …

After port terminal deal, Adani group bags power projects in Sri Lanka
2 years, 9 months ago

After port terminal deal, Adani group bags power projects in Sri Lanka

The Hindu  

India’s Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province,six months after it bagged a strategic port terminal project in Colombo that it is now executing with majority stakes. There is no official announcement or statement yet on the agreement to jointly execute renewable power projects in Mannar, on Sri Lanka’s north-western coast, …

Adani Group chairman Gautam Adani calls on Sri Lankan President
3 years, 2 months ago

Adani Group chairman Gautam Adani calls on Sri Lankan President

The Hindu  

Adani Group chairman Gautam Adani on Monday called on Sri Lankan President Gotabaya Rajapaksa in Colombo, weeks after his company sealed a deal with the state-owned Sri Lanka Ports Authority to develop and run the strategic Colombo Port’s Western Container Terminal. Ahmedabad-headquartered Indian multinational conglomerate Adani Group last month entered into an agreement with the Sri Lanka government owned Port …

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