Bangladesh's interim govt has accused Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits
Adani Power's Godda plant accounted for about 9 percent of the country's power supply in the year before Hasina's ouster
The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Adani Power Ltd said in its latest annual report that the plant in India's Jharkhand state would provide Bangladesh uninterrupted, reliable and affordable electricity and "significantly reduce the average cost" for the end consumer.
The government will accelerate the payment of the dues of Adani Power after the Indian power giant threatened to cut off electricity supply if its outstanding amount is not cleared by November 7.
It already reduced electricity supply to Bangladesh from October 31
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
Bangladesh’s power purchase from Adani Power contributed to the massive profit the Indian conglomerate made in the first nine months of the 2023-24 fiscal year.
Bangladesh has started to receive about 750 megawatts of electricity from the Adani power plant in India yesterday, putting to bed the suspense surrounding the start of the cross-border transmission.
The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.
"It is a punishable offence to sign such a contract -- we believe that our agencies have the ability to identify the corruption in this deal"
Bangladesh has sought a temporary discount from Adani Power on the price of coal that would fire the thermal power plant in Godda, Jharkhand in light of the escalating prices, said the Indian electricity producer.
