CosmicTaco

Bangladesh to Retain Power Deal with India's Adani

CosmicTaco · 2024-10-12T10:48:55.296460+05:30

- Bangladesh is likely to keep its power purchase agreement with India's Adani Power despite pricing concerns. - The deal, under scrutiny by the new government, involves a 25-year contract to buy electricity from Adani's $2-billion, 1,600-MW power plant in Jharkhand. - The plant meets nearly 10% of Bangladesh's power demand, making cancellation difficult. - Adani Power costs Bangladesh about 12 taka ($0.1008) a unit, 27% higher than other Indian private producers and 63% more than Indian state-owned plants. - Bangladesh owes over $1 billion to Indian power companies, including $800 million to Adani Power. Source: [Reuters](https://www.reuters.com/business/energy/bangladesh-likely-keep-power-deal-with-indias-adani-sources-say-2024-10-11/)

Bangladesh is likely to keep its power purchase agreement with India's Adani Power despite pricing concerns.
The deal, under scrutiny by the new government, involves a 25-year contract to buy electricity from Adani's $2-billion, 1,600-MW power plant in Jharkhand.
The plant meets nearly 10% of Bangladesh's power demand, making cancellation difficult.
Adani Power costs Bangladesh about 12 taka ($0.1008) a unit, 27% higher than other Indian private producers and 63% more than Indian state-owned plants.
Bangladesh owes over $1 billion to Indian power companies, including $800 million to Adani Power.

Source: Reuters