Bangladesh to review power purchase agreement with Adani Power

07 Feb 2023 CW Team

The Bangladesh Power Development Board (BPDB), the government agency in charge of developing Bangladesh's power sector, has requested that the power purchase agreement (PPA) it signed with Adani Power for importing electricity from its thermal power plant in Jharkhand, India, be revised. According to reports, the primary reason for the change is a disagreement over the price of coal to be used as fuel for the project.

This news, following the Hindenburg Report, demonstrates that Adani is not only fighting on a single front, but conflicts are raging on multiple fronts. It is a significant setback in the midst of the current turmoil.

According to sources, BPDB has already written to the Adani Group, asking the opening of Letters of Credit (LCs) in India in order to purchase coal. The imported coal is expected to power the 1,600 MW facility in Jharkhand.

Adani Power need a demand note from BPDB before importing coal for its thermal power plant in the Godda district of Jharkhand, as practically all of the power generated by the project will be sent to Bangladesh.

Bangladesh will pay for the cost of importing the coal, including transportation, with the sum reflected in the Power Purchase Agreement's rate. However, Adani Power recently requested that BPDB produce the demand note, with the coal price listed at $400 per metric tonne, which BPDB officials say is far too excessive given the current status of the worldwide market.

According to officials, the ensuing letter constitutes BPDB's formal request for the PPA to be reviewed and the tariff structure to be changed before it can begin importing electricity.

BPDB has raised concerns over a steep bill for the purchase of coal from Adani Power, as the Power Purchase Agreement (PPA) signed with the Indian firm does not contain a provision for discounts.

Also Read
SEBI introduces new regulatory framework for depository receipts
Sitharaman urges to establish guidelines for renewable energy

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..