US EditionBangladesh Panel Says Adani Power Deal Overpriced, Flags Procedural ...
The Bangladesh panel found the state utility lost $4.13 billion in 2024–25 and recommends arbitration in Singapore to annul the overpayment contract with Adani Power.
- At a press conference this week, committee members recommended taking the Adani Power contract dispute to an international arbitration tribunal in Singapore to annul the agreement, citing findings in the report presented.
- The committee, formed in September 2024, was created to investigate contracts signed under Sheikh Hasina, former Prime Minister , while Muhammad Yunus, head of the interim government, planned reviews of Indian firms' agreements.
- Pricing details show the NRC's pricing findings that Bangladesh paid 4-5 cents more per unit for Adani's two 800-megawatt units, originating from Jharkhand's Godda plant.
- The report said Bangladesh Power Development Board suffered losses up to $4.13 billion in 2024-25 and committee members forwarded alleged illegal transactions involving seven to eight persons to the Anti-Corruption Commission .
- Relations with India have become strained as the report accused systematic collusion and flagged billing of Indian corporate taxes and use of 'excessively priced' coal, prompting political questions about Narendra Modi.
14 Articles
14 Articles
Bangladesh probes India power overpricing
A Bangladesh government committee said on Monday it had found "egregious anomalies" in a billion-dollar cross-border electricity supply deal with Indian conglomerate Adani, providing around 10 percent of the country's power. Dhaka's review committee on power deals is investigating contracts agreed during the now-ousted government of Sheikh Hasina, a close ally of India, who was overthrown in an August 2024 uprising. Relations between Bangladesh …
Bangladesh alleges huge overpricing of electricity with India's Adani supply deal
Dhaka's review committee on power deals is investigating contracts agreed during the now-ousted government of Sheikh Hasina, a close ally of India, who was overthrown in an August 2024 uprising.
Times of India
The Economic TimesBangladesh review alleges massive overpricing in Adani power pact
A Bangladesh government committee said on Monday it had found "egregious anomalies" in a billion-dollar cross-border electricity supply deal with Indian conglomerate Adani, providing around 10 percent of the country's power. The National Review Committee on Power Purchase Agreements said it had found "examples of egregious anomalies", that meant the state-owned Bangladesh Power Development Board (BPDB) was paying up to 50 percent more than it sh…
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