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Adani Group refutes claims of PPA revocation with Sri Lanka

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Adani Group has confirmed that its power purchase agreement (PPA) with the Sri Lankan government for wind power projects remains intact, countering a report by AFP that suggested its cancellation. According to Reuters, despite recent reviews by Sri Lankan authorities, the agreement involving Adani’s 484MW wind power projects in Mannar and Pooneryn is unaffected. The Sri Lankan government has been reviewing Adani’s local projects following allegations from US authorities in November 2024, claiming that Gautam…

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Adani Group joins International Copper Association

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Kutch Copper Ltd, a subsidiary of Adani Group, has become a member of the International Copper Association (ICA), a global trade body representing half of the world’s copper production. Based in Mundra, Gujarat, Kutch Copper is set to build a copper smelter with an initial capacity of 0.5 million tonnes per annum (MTPA) as part of an $1.2 billion investment by Adani Enterprises. The facility will produce copper cathodes, rods, and byproducts, supporting India’s goal…

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Adani Group commits Rs 600 billion to expand power plants in Chhattisgarh

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The Adani Group has committed Rs 600 billion to expand power plants in Raipur, Korba, and Raigarh, increasing its power generation capacity by 6,120 MW.  This investment was announced in a meeting with Chief Minister Vishnu Deo Sai on 12 January 2025. The plan aims to enhance the state’s industrial and social infrastructure, focusing on energy, cement, and corporate social responsibility (CSR) projects. Rs 50 billion will also be allocated to increase cement plant capacity….

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Adani Group to invest Rs 7 trillion in Rajasthan for renewable energy

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Adani Group has announced plans to invest over Rs 7 trillion in Rajasthan across multiple sectors, including renewable energy.  The investment includes developing 100 GW of renewable energy capacity, aiming to create the world’s largest integrated green energy ecosystem. The projects are expected to be implemented over the next five years.

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TotalEnergies halts new investments in Adani Group amid corruption allegations

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French energy company TotalEnergies has suspended new financial contributions to the Adani Group following indictments of Adani Group executives by US authorities over alleged corruption linked to Adani Green Energy Limited (AGEL). The US Securities and Exchange Commission (SEC) has accused Adani Group officials, including Gautam Adani and his nephew, of bribery in connection with a $750 million bond offering.  The allegations claim the company falsely promoted compliance with anti-bribery principles while engaging in illegal…

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Adani Group to invest USD 35 billion in renewable energy over five years

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The Adani Group has announced plans to invest USD 35 billion over the next five years to establish large-scale renewable energy plants across India.  The focus will be on solar, wind, and hybrid energy systems, aiming to play a significant role in the global energy transition. Sagar Adani, Executive Director of Adani Green Energy, revealed this initiative during a CEO panel discussion at the SBI Economic Conclave. He described it as one of the world’s…

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Adani Group to supply 6,500 MW of power to MSEDCL

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Adani Power and Adani Renewable Energy Fifty Five, subsidiaries of the Adani Group, have entered into agreements to supply a combined 6,500 MW of power to the Maharashtra State Electricity Distribution Company Limited (MSEDCL).  Adani Power has signed a 25-year Power Supply Agreement (PSA) to provide the state with approximately 1,500 MW of thermal power. Concurrently, Adani Renewable Energy Fifty Five, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has entered into a Power…

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Kenya suspends deal between KETRACO and Adani Group

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Kenya’s high court has suspended a $736 million agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Group’s Adani Energy Solutions to develop and operate power infrastructure, including transmission lines.  The suspension follows a legal challenge by the Law Society of Kenya, which has criticized the agreement as “a constitutional sham” and “shrouded in secrecy.” The Law Society claims that KETRACO and Adani Energy Solutions did not fulfill public participation requirements, a mandate under…

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Adani Group signs pact for key electricity transmission lines in Kenya

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Adani Energy Solutions Ltd (AESL) has signed an agreement with the Kenya Electricity Transmission Company Ltd (Ketraco) to build, finance, and operate key transmission lines in Kenya for 30 years. This initiative aims to upgrade Kenya’s transmission infrastructure to ensure a more reliable power supply amid persistent blackouts. The project, estimated at KSh 95.68 billion (USD 736 million), will be funded through a combination of debt and equity raised by AESL. The Kenyan government will…