Sri Lankan Govt to Appoint Committee For Reviewing Adani Group's Projects in the Country
New Delhi: The Ministry of Power and Energy in Sri Lanka has decided to appoint a committee to review and conduct a study of the Adani Group’s projects in Sri Lanka.
The proposal for the appointment of the committee is expected to be presented in the upcoming cabinet meeting, reported Newsfirst.
The Ministry said that factors that will be reviewed include the estimated cost of the projects.
Earlier, the Sri Lankan government had appointed another committee to examine the wind power plant projects planned by the Adani Group in the island nation.
The wind power plant projects in Sri Lanka’s Mannar and Pooneryn are expected to generate a total of 484 megawatts of electricity.
In December last year, the Adani Group had withdrawn from a $553 million loan agreement with the US International Development Finance Corporation (DFC) to fund a port terminal project in Sri Lanka’s capital, Colombo. This development follows allegations of bribery against Adani and other executives of the Adani Group, which surfaced in US courts last month.
The Adani Group, under scrutiny following allegations that it paid over $250 million in bribes to Indian officials for solar energy contracts, has denied the charges and vowed to fight the claims in court. These accusations have added to the conglomerate’s troubles, including Kenya’s cancellation of $2.6 billion in infrastructure contracts and ongoing financial challenges in other projects.
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