Reported 3 days ago
Bangladesh's government is seeking to renegotiate terms of its power purchase agreement with India's Adani Group unless a court voids the contract, which is under investigation for potential irregularities. The High Court has ordered a committee to review the 25-year deal amid allegations of corruption and high pricing that has led to significant subsidies for the Bangladeshi government. Adani's rates are among the highest for Indian power supplied to Bangladesh, fueling calls for price reductions and improved conditions in the deal.
Source: YAHOO