The Adani Group's controversies are not limited to India; Sri Lanka is also grappling with the implications of the group's actions. Following bribery charges against eight Adani executives by U.S. prosecutors in November 2024, the Sri Lankan government is reviewing the Adani Group's $442 million wind power projects in Mannar and Pooneryn [5e90ac01]. This scrutiny has led to the decision to revoke a 20-year power purchase agreement with the Adani Group, highlighting the growing concerns over transparency and accountability in international investments [5e90ac01].
The newly elected National People's Power (NPP) government views its actions regarding Adani as a crucial test of its commitment to combat corruption and uphold public trust [5e90ac01]. Public interest litigation has been filed against Adani Green Energy in Sri Lanka's Supreme Court, further complicating the group's operations in the region [5e90ac01].
This situation underscores the broader challenges faced by Sri Lanka as it navigates the delicate balance between its economic needs, regional relations, and the imperative for domestic accountability. The fallout from the Adani bribery scandal is forcing Sri Lanka to reconsider its partnerships and investment strategies, particularly in the energy sector [5e90ac01].
As the Adani Group continues to face legal challenges in India, its operations in Sri Lanka are under increasing scrutiny, reflecting a growing demand for transparency in foreign investments. The outcome of these developments could significantly impact the future of renewable energy projects in Sri Lanka, as the government seeks to ensure that such initiatives align with its anti-corruption agenda and broader geopolitical interests [5e90ac01].