The group is apparently not overly concerned with funding sources.
From Reuters, December 9:
- Adani to invest in renewable energy, cement, logistics
- Half of investment to be made over next 5 years
- US authorities last month accused group execs of bribery
- Group denied accusations
India's Adani Group will invest over 7.5 trillion rupees ($88.5 billion) in the northwestern state of Rajasthan, a top executive said on Monday, marking the group's first major investment since the U.S. indictment of its billionaire founder.
The announcement, at an event in Jaipur city attended by Prime Minister Narendra Modi, comes less than a month after U.S. authorities accused founder Gautam Adani and some top executives of being part of a scheme to pay bribes worth $265 million to secure Indian power supply contracts....
....The group also plans to build the world's biggest integrated green energy ecosystem involving 100 gigawatts (GW) of renewable energy, two million tonnes of hydrogen and 1.8 GW of pumped hydro storage, Adani added....
....MUCH MORE
