Bangladesh wants revision of 2017 power purchase deal with Adani Power ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 19
Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute. According to Bangladesh's private UNB news agency, the letter of the BPDC, which is to procure the power, sought the revis

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