Sri Lanka’s New Government Pledges Review of Adani Wind Project
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Sri Lanka’s new government said it will review a wind power deal with the Adani Group, throwing a fresh hurdle for the Indian conglomerate as it seeks to expand abroad.
The previous administration’s approval of electricity prices for Adani Green Energy Ltd.’s projects “was a problem,” Foreign Minister Vijitha Herath told reporters after a meeting of the Cabinet ministers on Tuesday. The new government would give the deal a fresh look after parliamentary elections are held Nov. 14, he said.