Business Standard

Adani to build power plants in SL, challenge China in support for Modi

Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs

Fishermen in Nainativu, one of the three islands off northern Sri Lanka that a Chinese company was set to develop renewable energy plants on until it was cancelled by the government in Colombo. Photographer: Jonathan Wijayaratne/Bloomberg
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Fishermen in Nainativu, one of the three islands off northern Sri Lanka that a Chinese company was set to develop renewable energy plants on until it was cancelled by the government in Colombo. Photographer: Jonathan Wijayaratne/Bloomberg

Chris Kay | Bloomberg
A small group of fishermen ply the shallow coastal water along Pooneryn in northern Sri Lanka, an impoverished, remote area within striking distance of India’s southern tip. It’s where Gautam Adani -- the Indian billionaire who is Asia’s richest man and has vaulted ahead of Jeff Bezos this year -- plans to build renewable power plants, thrusting him into the heart of an international political clash. 
 
With Sri Lanka in the throes of its worst economic crisis since its independence from Britain in 1948, India is reengaging and attempting to tilt the balance in a strategic tussle with China on

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