Sign Up for FREE Daily Energy News
canada flag CDN NEWS  |  us flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
Hazloc Heaters
Zachry Integrity Engineering
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
Zachry Integrity Engineering


TotalEnergies Suspends Adani Green Investment, Awaiting Clarity on Bribery Case, Says CEO


These translations are done via Google Translate

By Ron Bousso and Marwa Rashad

totalenergies 1200x810 oct 4 2023

LONDON, Nov 26 – TotalEnergies (TTEF.PA) will pause investment in its Adani Green energy project until there is further clarity on a U.S. bribery case against Indian billionaire Gautam Adani, the French group’s CEO, Patrick Pouyanne, said on Tuesday.


Get the Latest Canadian Focused Energy News Delivered to You! It's FREE: Quick Sign-Up Here


The French company, which holds close to a 19.8% stake in Adani Green, has other options in its portfolio to meet its renewable energy growth targets, Pouyanne told Reuters on the sidelines of the Energy Intelligence Forum.

BBA Consultants
GLJ

Pouyanne emphasised that his company was not quitting the project, but that it will not be providing financing for any new scheme.

TotalEnergies said on Monday that it had not been informed about a U.S. investigation into possible bribery and corruption at Adani Green Energy Limited, adding that it will stop financial contributions to its Adani Group investments after last week’s indictment.

Reporting by Ron Bousso Editing by David Goodman

Share This:




More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE