Sri Lanka cancelled the agreement after allegations of corruption in a US probe last year, AFP reported citing unnamed government officials.
Smart Cities and Clean Sri Lanka: A shared vision for a sustainable future
Sri Lanka stands at a crossroads, where rapid urbanisation demands innovative solutions to ensure sustainable development. The Clean Sri Lanka initiative, launched on January 1, 2025, aims to address …
Sri Lanka’s former president Mahinda Rajapaksa’s son arrested on corruption charges
Former Sri Lankan president Mahinda Rajapaksa’s son Yoshitha Rajapaksa was arrested by police on Saturday on corruption charges in a property purchase case.
Former Sri Lankan president’s son arrested over corruption charges
The former navy officer was detained in Beliatta, his family’s home area, as part of an ongoing investigation into alleged irregularities in the acquisition of the property during his father’s …
‘False and misleading’: Adani Group denies cancellation of Sri Lanka’s $440 million power purchase deal; Here’s why
The Adani Group clarified that the Sri Lankan Cabinet’s decision to reevaluate the tariff approved in May 2024 is part of a standard review process, particularly with a new government …
Ex-president Rajapaksa’s son arrested by Lanka police on corruption charges
Former Sri Lankan president Mahinda Rajapaksa’s son Yoshitha Rajapaksa was arrested by police on Saturday on corruption charges in a property purchase case.
Adani Group Refutes Claims Of Sri Lanka Wind Power Project Cancellation, Says Tariff Review A Standard Process
Adani Group refutes claims that its Sri Lankan wind power projects have been cancelled, stating that the Sri Lankan government’s review of tariffs is a routine process.
Adani Group loses Sri Lanka power contract as deal revoked amid corruption allegations; group denies report
Sri Lanka’s government has reportedly revoked a power purchase agreement with Adani Group amid corruption allegations against its founder Gautam Adani. President Dissanayake’s administration is …
‘Misleading’: Adani Group denies report on Sri Lanka revoking power purchase deal
Adani Group has debunked rumors about the cancellation of their 484 MW wind power projects in Sri Lanka, asserting the deal is still on. The Sri Lanka …
Sri Lanka stocks close down 0.6-pct
ECONOMYNEXT – Sri Lanka stocks closed down 0.6 percent Friday, data on the Colombo Stock Exchange site howed. There was high volatility seen in the market during the day. “There was a correction in …