Bangladesh Seeks to Renegotiate Adani Power Deal Over High Costs

The 25-year agreement, under investigation by a Bangladeshi court, faces scrutiny for elevated rates and payment disputes as Adani Power reduces electricity supply.

• Bangladesh is pushing to renegotiate lower power prices under a 25-year deal with India's Adani Power, citing high costs and subsidy burdens.
• A Bangladeshi court has ordered an investigation into the contract, with findings expected by February 2025, to determine potential irregularities or corruption.
• Adani Power has halved electricity supply to Bangladesh since October 31, citing delays in payments totaling up to $900 million, which Bangladesh is gradually addressing.
• The power deal, signed in 2017, charges Bangladesh significantly higher rates compared to other Indian suppliers, straining the country’s finances and requiring substantial subsidies.
• Bangladesh’s interim government asserts it has sufficient domestic capacity to meet energy needs and will not tolerate pressure from power producers.

4 Articles

Hindustan Times The Japan Times