Exclusive-Bangladesh wants to renegotiate Adani power deal unless court cancels
DHAKA - Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday.
A separate committee formed by Bangladesh's interim government is already probing the Adani deal and six other power contracts with the aim to ensure the investigations"will be acceptable in international negotiations and arbitration", said a government statement. The retail price in Bangladesh is 8.95 taka per unit, which results in an annual power subsidy bill of 320 billion taka for the exchequer, Khan said.
Khan said Bangladesh has enough domestic capacity to meet its needs, though some plants are currently idle or generating below capacity because of a shortage of gas or other reasons.
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