Sri Lanka cancelled the agreement after allegations of corruption in a US probe last year, AFP reported citing unnamed government officials.

Sri Lanka has revoked a power purchase agreement with Adani Group’s renewable energy unit after allegations of corruption levelled against the Indian conglomerate in the US last year that brought some of its foreign projects under fresh scrutiny.

Sri Lanka has revoked a power purchase deal with India's Adani Group after a probe into U.S. allegations that the conglomerate's executives paid bribes to secure Indian power supply contracts, according to an AFP report published by the Economic Times newspaper on Friday.

The government has not taken any decision to cancel the Adani wind power projects in Mannar and Pooneryn as reported by some media, Cabinet spokesman Minister Dr. Nalinda Jayathissa said today. ..

Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading, a spokesperson for the Adani Group has said. “We categorically state that the project has not been cancelled.

Sri Lanka has revoked a 2024 power purchase agreement with Adani Green Energy for a proposed wind power plant in the Northern Province, amid corruption allegations, AFP reported on Friday (24 January).

Adani Green Energy's stock experienced a decline following the news of Sri Lanka's termination of the power purchase agreement, reaching a daily low of Rs 1,008.

Adani Group has clarified that their power purchase agreement for wind power projects in Sri Lanka has not been revoked, despite reports to the contrary. A standard review of the tariff is underway by the Sri Lankan government,

Sri Lankas government revokes Adani wind power pricing agreement, appointing a committee to review the projects and pricing structure.