{"id":6258,"date":"2025-01-30T16:48:58","date_gmt":"2025-01-30T16:48:58","guid":{"rendered":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/?p=6258"},"modified":"2025-01-30T16:48:58","modified_gmt":"2025-01-30T16:48:58","slug":"adani-group-denies-cancellation-of-sri-lanka-power-deal-amid-allegations","status":"publish","type":"post","link":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/2025\/01\/30\/adani-group-denies-cancellation-of-sri-lanka-power-deal-amid-allegations\/","title":{"rendered":"Adani Group Denies Cancellation of Sri Lanka Power Deal Amid Allegations"},"content":{"rendered":"\n

Link to article: https:\/\/slguardian.org\/adani-group-denies-cancellation-of-sri-lanka-power-deal-amid-allegations\/<\/a><\/p>\n\n\n\n

Adani Group, a multinational conglomerate company based in Ahmedabad, India, is denying allegations stating that it has canceled its $440 million power deal with Sri Lanka. A spokesperson emphasized the continuing wind power projects in the northern Sri Lankan regions of Mannar and Pooneryn. These allegations stemmed from a report by AFP in The Economic Times<\/em>, which stated the Sri Lankan government reportedly pulled out of the deal due to U.S. bribery allegations. This came from an indictment in November of last year that accused Adani executives of bribing the U.S. to secure some Indian power supply contracts, which, of course, they also deny. This has actually happened to the group before in Kenya, which saw $2.5 billion worth of projects fall through.<\/p>\n\n\n\n

When I write these articles about the economic side of IR, like a country funding a new bridge or oil refinery as part of a “project”, I’m always skeptical about how beneficial it is for both sides, especially if they’re two countries who don’t typically get along. This is a perfect example of why. Allegations galore. I understand it’s mainly between a corporation and a state and that Sri Lanka and India are on good terms, and honestly, it probably was a good deal for Sri Lanka. As I stated in one of my latest articles, Sri Lanka doesn’t have very good geography and has to import a lot. They already made a deal with China for an oil refinery in the south, getting wind power in the north is another great step. I’m surprised they saw the $2.5 billion worth of projects canceled in Kenya and thought this would be a good idea. Maybe that’s an outlier. Maybe they’re desperate. India is their primary trading partner and Adani Group is a multi-billion dollar conglomerate, so they must know what they’re doing.<\/p>\n\n\n\n

This relates to class because it’s an example of a country having poor geography and interacting with other global actors to compensate for it, which is geopolitics in action. India has a strong economic hold on Adani Group is an example of a multinational corporation, or MNC. These corporations are so big and widespread that their actions impact global politics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Link to article: https:\/\/slguardian.org\/adani-group-denies-cancellation-of-sri-lanka-power-deal-amid-allegations\/ Adani Group, a multinational conglomerate company based in Ahmedabad, India, is denying allegations stating that it has canceled its $440 million power deal with Sri Lanka. A spokesperson emphasized the continuing wind power projects in the northern Sri Lankan regions of Mannar and Pooneryn. These allegations stemmed from a report by AFP in The Economic Times,… Read more »<\/a><\/p>\n","protected":false},"author":309,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6258","post","type-post","status-publish","format-standard","hentry","category-analysis-post"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/6258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/users\/309"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/comments?post=6258"}],"version-history":[{"count":3,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/6258\/revisions"}],"predecessor-version":[{"id":6264,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/posts\/6258\/revisions\/6264"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/media?parent=6258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/categories?post=6258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/southandcentralasiablog\/wp-json\/wp\/v2\/tags?post=6258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}