Sri Lankan government to review Adani Group’s projects
Colombo: The Sri Lankan Ministry of Power and Energy has announced plans to form a committee to review the Adani Group’s projects in the country. The committee's formation is expected to be discussed in the upcoming cabinet meeting, with an emphasis on evaluating the estimated costs of the projects, as reported by Newsfirst.
Previously, the Sri Lankan government had set up a separate committee to investigate the Adani Group’s wind power plant projects in the country. These plants, located in Mannar and Pooneryn, are projected to generate 484 megawatts of electricity.
The announcement follows the Adani Group's withdrawal from a $553 million loan agreement with the US International Development Finance Corporation (DFC) for a port terminal project in Colombo, Sri Lanka’s capital. This decision came amidst allegations of bribery against Adani and his associates, which surfaced in US courts last month.
The Adani Group has been under scrutiny due to accusations that it paid over $250 million in bribes to Indian officials for solar energy contracts. The conglomerate has denied these allegations and pledged to fight the claims in court. Additionally, the Group has faced challenges in Kenya, where $2.6 billion worth of infrastructure contracts were cancelled.
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Strong earthquake kills at least 9 people in western China
Beijing (AP): A strong earthquake shook a mountainous region in western China near Nepal on Tuesday morning, killing at least nine people, state media said.
State broadcaster CCTV cited the Ministry of Emergency Management for the death toll but did not give details on the casualties.
The magnitude 7.1 quake struck in a mountainous area in the Tibet region, near the border with Nepal, at a depth of about 10 kilometers (6 miles), the US Geological Survey said.
China's earthquake monitoring agency recorded the magnitude as 6.8. The average altitude in the area around the epicenter is about 4,200 meters (13,800 feet), CCTV said.
The CCTV online report said there were a handful of communities within 5 kilometers of the epicentre, which was 380 kilometers (240 miles) from Lhasa, the capital of Tibet.
