Crisis-hit Only a month after the Indian multinational conglomerate’s shares crashed as a result of the negative report on the Group by American short-seller Hindenburg, Sri Lanka has accepted a $442 million wind power project of Adani Green Energy.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
In a related development at the time, a former Ceylon Electricity Board chairman resigned following his contentious claims that Prime Minister Narendra Modi had “pressured” former Sri Lankan President Gotabaya Rajapaksa to approve an Adani Group project in the island country. He later withdrew those claims. The claim was “vehemently refuted” by Mr. Rajapaksa.
Financial crime watchdog FATF suspends Russia’s membership due to Ukraine conflict
The signing of the renewable energy project coincides with India and Sri Lanka’s increased efforts to integrate their energy networks, a notion that the neighbours first proposed more than ten years ago. Sri Lanka currently produces about 4,200 MW of electricity annually, and over the next two decades, it is anticipated that this demand would rise by about 5%. For the next three years, according to the authorities, they plan to add around 2,800 MW of renewable energy to the national grid.
Also Read: Pakistan receives $700 mln funds from China
Punjab is a state in northern India, known for its rich culture, history, and agriculture.…
Geometry is a branch of mathematics that focuses on the study of shapes, sizes, and…
On 19th November 2024, the Solar Energy Corporation of India Ltd (SECI), under the Ministry…
Madhya Pradesh is a large state in central India, known for its rich history, cultural…
Prime Minister Narendra Modi has been conferred prestigious awards by Guyana and Dominica in recognition…
India is home to many cities that are uniquely recognized for their culture, history, or…