Exclusive-Bangladesh wants to renegotiate Adani power deal unless court cancels By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2024
0mins
Source: Investing.com
Bangladesh's Power Deal with Adani Group: Bangladesh is seeking to lower power prices under a controversial 25-year deal with India's Adani Group, which is currently under investigation for potential corruption. The High Court has ordered an examination of the contract, while the government is considering renegotiation based on findings.
Impact of High Prices and Domestic Capacity: Adani's power rates are significantly higher than those of other producers, leading to substantial government subsidies. Despite recent supply cuts from Adani, Bangladesh claims it has sufficient domestic capacity to meet its energy needs without being dependent on imported power.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
