Whether the two parties can bridge the gap and reach a mutually acceptable agreement remains to be seen. The Sri Lankan government's insistence on price revision and Adani’s re-affirmation of the initial terms, clearly sets the stage for a tense negotiation period.
There has been a raging debate in Sri Lanka on the deal, citing it as an expensive deal. The earlier government had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement.
Sri Lanka's earlier administration had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement. This agreement, announced in May 2023, triggered widespread criticism due to the high price and lack of competitive tendering.
Sri Lankan finance minister Basil Rajapaksa’s visit to clinch a big-ticket loan from India has been postponed. Is this go-slow a deliberate strategy to...
Beginning in December 2024 and ending in April 2025, La Niña is defined by the cooling of ocean surface temperatures, changes in wind and precipitation patterns, an increase in Atlantic hurricanes, drier conditions in the South, and wetter conditions in the Northwest.
The poaching crisis extends to elephants, India's National Heritage Animal. In the Malayattoor forest division of Kerala, between 2013 and 2015, at least 18 elephants were slaughtered for ivory.
Beginning in December 2024 and ending in April 2025, La Niña is defined by the cooling of ocean surface temperatures, changes in wind and precipitation patterns, an increase in Atlantic hurricanes, drier conditions in the South, and wetter conditions in the Northwest.
The poaching crisis extends to elephants, India's National Heritage Animal. In the Malayattoor forest division of Kerala, between 2013 and 2015, at least 18 elephants were slaughtered for ivory.