VE backpedals over coal mix-up in Adani second-party opinion

Moody’s-owned provider stated that Adani subsidiary did not own coal, despite operating 500MW project

Second-party opinion provider Vigeo Eiris (VE) told sustainability-linked bond investors that Adani Electricity Mumbai was not involved in coal, despite it operating a 500MW thermal coal power station, RI can reveal. 

In an external review for the issuer’s recent $300m sustainabil…

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