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

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..