LONDON, Nov 26 - TotalEnergies 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.
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.
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.