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Sri Lanka

Sri Lanka signs partnership to roll out solar energy at scale
Sri Lanka and the International Solar Alliance (ISA) have signed a strategic partnership to accelerate solar energy deployment in the country, aiming for 70% renewable energy by 2030.
Adani begins operations at Colombo West International Terminal
Adani, via its subsidiary Adani Ports and Special Economic Zone Ltd., has launched operations at the Colombo West International Terminal, strengthening the strategic role of Colombo Port in South Asia.

India strengthens energy and military presence in Sri Lanka amid growing Chinese influence

New Delhi signed new defence and energy agreements with Colombo, consolidating its strategic influence on the island as China continues expanding its investments.
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India revives 120 MW solar project in Sri Lanka after Adani withdrawal
New Delhi has confirmed the construction of a solar power plant in Sampur, reviving a long-delayed project following the withdrawal of a major wind farm backed by the Adani Group.
Siemens Gamesa sells 90% of its wind operations in India to TPG
The Spanish group transfers the majority of its operations in India and Sri Lanka to a consortium led by TPG, creating a new entity focused on onshore wind.

Adani abandons $442 million wind farm project in Sri Lanka

The Adani group withdraws from its $442 million wind farm project in Sri Lanka after tensions with the government, which decided to renegotiate the electricity purchase agreement and reassess the project.
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Sri Lanka revokes a major energy contract with Adani
The Sri Lankan government has canceled a power purchase agreement with Adani, citing corruption concerns and criticism over the project’s costs. This decision marks a shift in the country’s energy policies under the new administration.
Sinopec invests in a major oil project in Sri Lanka
Sri Lanka confirms a historic investment with Sinopec. A new refining facility will strengthen the country's energy balance.

Adani’s Port Project in Sri Lanka to Continue Despite Controversies

Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.
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Adani Group: $55 Billion Lost Following Gautam Adani’s Indictment
The Adani conglomerate has lost $55 billion in market capitalization following corruption charges against its CEO, Gautam Adani, in the United States. The case has shaken markets and jeopardized its international partnerships.
Raissi in Sri Lanka, without Vahidi under arrest warrant
Iranian President Ebrahim Raissi visits Sri Lanka, continuing his Asian tour that began in Pakistan, but without his Interior Minister, Ahmad Vahidi, who is the target of an Interpol red notice for an attack in Argentina.
Raïssi Visite Sri Lanka

Sri Lanka: Utility regulator sacked over electricity price hike

The head of Sri Lanka's utility regulator has been sacked for blocking an increase in electricity prices. This decision comes against the backdrop of the economic crisis and the request for IMF assistance after the country's default and the implementation of austerity measures.
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Sri Lanka opens its fuel market to China
Sri Lanka signs an agreement with Sinopec to open up its domestic fuel market, ending a 20-year Indian monopoly. This decision aims to resolve the financial crisis and fuel shortages that have led to market deregulation and restructuring of the national company.
Sri Lanka and India sign electricity connection pact
The two nations have taken a joint initiative to improve their commercial, political and cultural exchanges. Supported by mutual integration, the connection of power grids will provide Sri Lanka with access to renewable energy, while the borders will open the door to the Sri Lankan market for Indian companies.

Sri Lanka decides on a further reduction in fuel prices

Sri Lanka, in the grip of a historic economic crisis, cut fuel prices on Monday for the second time in two weeks after a World Bank warning that its GDP would contract by 9.2 percent in 2022.
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ACCIONA Energía invests in Southeast Asia
ACCIONA Energía invests in Southeast Asia. The company is partnering with The Blue Circle to develop and operate new projects.
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