International news-
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, and Pooneryn, located just south of Jaffna Peninsula, from the Sri Lankan side, the Adani Group, or Indian authorities, raising questions in some quarters on the apparent lack of transparency in an international agreement. “While it was not announced, the CEB also signed a Memorandum of Understanding with India’s Adani Green Energy Ltd,” the Colombo-based Sunday Times reported.
