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Adani projects in Sri Lanka seen as “govt. to govt. kind of deals” – Foreign Minister Sabry

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The Sri Lankan government sees the Adani projects in Sri Lanka as “government to government kind of deals”, Foreign Minister MUM Ali Sabry told The Hindu on Sunday in an interview with SUHASINI HAIDAR.

Minister Sabry told The Hindu that it was the Indian government that had identified the Adani group for infrastructure projects including Northern Sri Lanka wind power project.

Minister Sabry also told Haidar that the Sri Lankan government is “very confident” that Adani Ports, Airports and Energy companies have strong fundamentals despite the 140 billion U.S dollar drop in share values after the publication of a negative report by US short seller Hindenburg.

He said the Adani group has already begun investing in its projects, which also include the 700 million dollar Colombo West Container Port project.

“So, we are not panicking,” Sabry told The Hindu in an interview in New Delhi where he met with External Affairs Minister S. Jaishankar and participated in the MEA’s Raisina Dialogue conference.

Sabry said Sri Lanka is grateful for India’s assistance with the economic crisis, and hope for more Indian investment in the next phase of its economic recovery, once it is able to receive a $2.9 billion bailout package from the International Monetary Fund, scheduled to meet next month.

The Adani wind power project had come into controversy last year when the chairman of state-owned power entity Ceylon Electricity Board (CEB) MMC Ferdinando had told a parliamentary panel that it was granted on the basis of a request from Prime Minister Narendra Modi to then Sri Lankan President Gotabaya Rajapaksa. Ferdinando subsequently retracted his statement and resigned from the post.

Given below are some of the questions posed during the interview and the answers given:

Q: Are India’s projects in Trincomalee that have been pending since 2018 when the then Prime Minister Ranil Wickremesinghe had first signed a MoU, now been given an impetus?

A:Yes, I think there has been impetus all around. We have seen that Indian tourists are coming, investors are coming, and some of the big Indian companies have already started their projects on renewable energy, wind power as well as the port development. With the Trinco projects, those are in the pipeline and we do know that this is the time we have to materialise this promise given a long, long period of time ago.

Q: One of those big Indian companies is the Adani group. Are you confident that the Adani companies involved in the Colombo port terminal project and Northern SL Wind power project can complete these projects, given the troubles they’ve been in over the past month?

A:We are very, very confident that they will do it . This speculation on the stock market is not a new thing, this happens all over the world. So, we are not panicking at all. And we are very, very confident they will be able to complete the project. And this will become a precursor for much more investment to come from so many diverse investment institutions in India. So we are definitely not worried.

Q: One of the allegations was that it was the pressure from the Prime Minister’s Office in India that actually led to the wind power project being given to the Adani group. Do you think the Adani group comes with the confidence, the [backing] of the Prime Minister’s office and that’s why it gets these projects?

A:Not really. In our case, of course, we were keen on an Indian investor to come in, so who the Indian investor was for the Indian government and the authorities to decide and choose and send it to us. And then we will have our own feasibility and fact-finding, and if we are happy, we will take it. So that’s how it happens all over the world. So we are happy. And we have no complaint, so far, because they have been investing, they’re going on with the project. And they have been successful both in India and in the region. So why not? A big name like that comes in. And there are a lot of other countries and other companies could be envious of them. For us, there is absolutely nothing to worry [about], because it is a transparent process and a government-to-government kind of a project. And then of course G2G doesn’t mean that the government gets involved and is doing business, it means the government identifies the entities. So that is the process which had been followed in the Adani’s coming into Sri Lanka.

Q: So it’s seen as a government approved project. Even though they have lost $140 billion in market capitalisation, are you convinced these projects will be completed on time?

A:Yeah, no, the problem is that the stock market is a very vulnerable thing. Companies go up and down — Facebook has lost market capitalisation, [and] the big timers, particularly in the tech industry have lost. It goes up and down but doesn’t mean that the project is in trouble. They have the capital, they have the foundation, [and] these projects are ongoing. So people can have their own valuation, on speculation, on [the] growth potential and all those things…. Merely because [the] stock market goes down doesn’t mean that your project on the ground will get wiped out all of a sudden. That investment has come in. That’s what I heard from my investment ministers.



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Green Climate Fund (GCF) Regional Dialogue for East and South Asia will be held from 14 to 17 September 2026 at Cinnamon Life at City of Dreams Hotel, Colombo

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The Green Climate Fund (GCF) Regional Dialogue for Eastern and Southern Asia is scheduled to be held from September 14 to 17, 2026, at Cinnamon Life at City of Dreams, Colombo.

The Dialogue is hosted by the Government of Sri Lanka. The Green Climate Fund is the world’s largest dedicated climate fund established under the United Nations Framework Convention on Climate Change to assist developing countries in responding to the challenges of climate change.

The Green Climate Fund aims to promote a paradigm shift towards low-emission and climate-resilient development
pathways by supporting developing countries in reducing their greenhouse gas emissions and adapting to the impacts of climate change.

The Ministry of Environment of Sri Lanka serves as the country’s National Designated Authority for the Green Climate Fund, playing a critical role in coordinating access to climate finance, nominating institutions for accreditation to the Green Climate Fund and approving funding proposals, and ensuring that activities supported by the Green Climate Fund are aligned with national development objectives.

More than 120 delegates from 10 countries are expected to participate. The participating countries are Bangladesh, Bhutan, China, India, the Maldives, Mongolia, Nepal, Pakistan, the Republic of Korea, and Sri Lanka.

Participants will include representatives of National Designated Authorities of the above countries, Direct Access Entities, Accredited Entities, civil society organizations, the private sector, development partners, and technical institutions across the region.

Sri Lanka’s delegation comprises Dr. Dammika Patabendi,  Minister of Environment,  Anton Jayakody, Deputy Minister of Environment, K.R. Uduwawala, Secretary, Ministry of Environment, and high-level government officials.

The Dialogue will provide a platform to:

Share challenges, experiences, and lessons learned from the implementation of climate change projects and programmes.

Strengthen regional cooperation and partnerships on climate finance.

Discuss the Green Climate Fund’s evolving strategies, policies, and approaches.

Identify opportunities to accelerate climate investments across East and South Asia.

Hosting the Regional Dialogue in Colombo will provide Sri Lanka with an important opportunity to engage with senior government officials, private-sector representatives, development partners, technical experts, and international climate finance institutions.

The event is expected to support Sri Lanka’s efforts to improve access to climate finance and international grants, showcase national climate action initiatives and achievements, and strengthen the country’s engagement with the global climate community.

The Dialogue will also offer a strategic platform for Sri Lankan institutions that have applied for direct accreditation to present their project concepts and engage directly with representatives of the Green Climate Fund. These engagements are expected to support the accreditation process and contribute to the expansion of Sri Lanka’s network of Direct Access Entities through stronger regional partnerships and increased cooperation on climate finance, the Regional Dialogue will
contribute to positioning Sri Lanka as a credible and reliable partner for climate investment.

Projects that Sri Lanka has received funding from this fund are:
• The main projects that Sri Lanka has received support from the Green Climate Fund at present include the Wevu Gam Pubuduwa Project (52.1 USD Million) and the GCF Knuckles Project (49 USD Million).

7.5 USD Million has been allocated from GCF for 5 National Designated Authority Readiness Projects (NDA Readiness Projects) and for the National Adaptation Plan Readiness Project (NAP Readiness Project).

Approval has also been obtained for 3 regional projects. (Cooling Facility Programme, Global Fund for Coral Reef Investment Window, PEEB COOL Programme)

Sri Lanka has also identified 5 project concepts as priority projects for the Green Climate Fund period 2024-2027 and has taken steps to submit those project concepts (Concept Notes) for
approval by the Green Climate Fund.

The “Climate-resilient Fisheries in Sri Lanka” project concept (USD 107.5 million) submitted by DFCC Bank has already received approval.

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Prof. Pieris says Buddha Dhamma recognised as source of law under Constitution

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G.L. Peiris

Former Minister and People’s Joint Opposition Convener Prof. G.L. Peiris has challenged the assertion that the Supreme Court’s determination on the 22nd Amendment to the Constitution would be based solely on law and not Buddhist teachings, arguing that such a position is inconsistent with Article 9 of the Constitution and established judicial precedent.

In a special statement, titled “Buddhist Doctrine as a Source of Law in Sri Lanka”, Prof. Peiris has said the issue had arisen during the 22nd Amendment determination proceedings when Ven. Balangoda Kassapa referred to the Buddha Dhamma in his submissions.

According to Prof. Peiris, the Chief Justice responded that the determination would be made on the basis of the law and not Buddhist teachings.

Describing this as a “cavalier dismissal” of the Buddha Dhamma. Prof. Peiris has said it is contrary to Article 9, which gives Buddhism the foremost place and requires the State to protect and foster the Buddha Sasana.

Full text of the statement: In the 22nd Amendment determination proceedings, Venerable Balangoda Kassapa, in his submissions, made reference to the Buddha Dhamma. His Lordship the Chief Justice, in reply, made the strong assertion that the determination would be made on the basis of the law and not Buddhist teachings. This cavalier dismissal of the Buddha Dhamma is totally inconsistent with Article 9 of the Constitution and its authoritative interpretation in judicial decisions.

I. Authoritative Sri Lankan Judicial Authority A few examples may be cited.

In the Antiquities Amendment Bill, the Supreme Court, in its determination, observed: “The expression Buddha Sasana is wider than Buddhism and includes the entire establishment, together with objects and places of religious practices and worship of Buddhists”.

In Re the Thirteenth Amendment to the Constitution and the Provincial Councils Bill, 1987 2 Sri Lanka LR 312, Wanasundera J, referring to the term Buddha Sasana, said that it was “a compendious term encompassing all ancient, historic and sacred objects and places which have from ancient times been associated with the religious practices and worship of Sinhala Buddhists”.

It is clear that the Buddha Sasana is not confined to matters of ritual or practice, but includes the substance of Buddhist teachings. This is borne out clearly in other judgments of the Supreme Court.

An explicit example is the determination of the Supreme Court in the Ayurveda Amendment Bill, SCSD, numbers 22-35/2023, where the Court declared: “We hold that Buddha Sasana in Article 9 of the Constitution includes the dhamma, principles and teachings of Buddhism, including in particular recognized and undisputed codifications of the teachings of Lord Buddha”.

There are several other passages in the judgment which offer strong authority on the point.

The Court declared: “We determine that the word Buddha Sasana in Article 9 is a compendious term and includes the entire establishment of Buddhism as defined above. We conclude that the Tripitaka, consisting of the Vinaya Pitaka, the Sutta Pitaka and the Abhidhamma Pitaka, falls within the word Buddha Sasana. Hence the State has a duty inter alia to protect and foster the Tripitaka”.

The Court was uncompromising in its declaration that “While retaining the word Buddhism to denote the religion to which foremost place has been accorded in the Republic, the word Buddha Sasana was used to impose a duty on the State to protect and foster the entire establishment of Buddhism”.

The Court’s approach is very clear from the following passage: “We must proceed to interpret Article 9 of the Constitution on the basis that this change was intentional on the part of the legislature. It was meant to cover an area wider than Buddhism”.

II. International Judicial Authority

There is valuable material in the jurisprudence of the International Court of Justice at The Hague.

Judge C. G. Weeramantry, in his dissenting opinion in the ICJ’s 1996 advisory opinion on the legality of the threat or use of nuclear weapons, said that Buddhism could provide an important humanitarian perspective when considering the legality of nuclear weapons. The judge cited as his source the work by Walpola Rahula, entitled What the Buddha Taught, 1959.

Similarly, Judge Weeramantry, in his separate opinion in the maritime delimitation in the area between Greenland and Jan Mayen case, 1993, commented on the international legal concept of equity. In this connection, he referred to “the elaborately researched concept of fairness and justice in Buddhism”.

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GR leaves FCID after making statement over MiG deal

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Former President Gotabaya Rajapaksa left the Financial Crimes Investigation Division (FCID) last evening after making a statement for several hours in connection with the ongoing investigation into the controversial procurement of MiG fighter aircraft.

Rajapaksa arrived at the FCID Headquarters yesterday morning after being summoned by investigators to assist with the inquiry into the procurement and related financial transactions involving the aircraft acquired for the Sri Lanka Air Force.

He was questioned for several hours before leaving the premises later in the day.

Meanwhile, former Air Force Commander Air Chief Marshal Roshan Goonetileke also appeared before the FCID on Thursday to provide a statement in connection with the same investigation.Goonetileke left the FCID after being questioned for more than five hours.

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