A letter was sent by the company to a Sri Lankan government agency
Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes.
The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Sri Lankan ports minister Bimal Ratnayake said the allegations against Adani had no bearing on the deep-sea container terminal project in the capital Colombo.
India's Adani Group has withdrawn its request for a US government-backed loan to construct a port in Sri Lanka seen as a counter to a rival Chinese project, according to company filings.
Adani Power Ltd said in its latest annual report that the plant in India's Jharkhand state would provide Bangladesh uninterrupted, reliable and affordable electricity and "significantly reduce the average cost" for the end consumer.
US authorities have accused Gautam Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes to secure Indian power supply contracts, and misleading US investors during fundraisings in the country
The conglomerate is not alone in facing increasingly long delays in signing up buyers for the renewable electricity capacity which is now being developed in coal-dependent India - the world's third-largest emitter of greenhouse gases.
Adani Green's revenues of $574 million during the period from April to September this year were up 20% on the year, boosting its cash profit 27% to $313 million over that time.
India's Adani Green Energy said on Tuesday it is aware of a US investigation into potential violations of anti-corruption laws by a "third party", but denied any relationship with the entity
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favorable treatment on an energy project
Adani Group is in talks with West Asia-based sovereign funds to raise up to $2.6 billion for its airport expansion and green hydrogen projects
Adani Group to invest 2 trillion rupees ($24 billion) in five years, said its chairman Gautam Adani
After starting electricity supply to Bangladesh from the first unit of its plant in Godda in the eastern state of Jharkhand a few days ago, India's Adani Power Limited has said it is expected to commission its second 800 MW unit soon, according to the company statement
The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
Gain is for Gautam Adani and loss for Bangladesh: that is how the electricity purchase deal with the Indian business tycoon may turn out to be
Thakurta, 67, was hit with six defamation actions -- three of them criminal -- after writing a series of reports on Adani that included accusations a top judge gave it preferential treatment
Sukirtharani, a poet from Tamil Nadu whose works of literature explore the lives of Dalit women in India, has refused to accept the Devi Award in a recent award ceremony.
