12 september 2024 : The interim government in Bangladesh, led by Muhammad Yunus, is set to review deals involving Indian businesses, including the Adani Group, as they seek clearance of outstanding dues, according to the Indian Express. This follows a request from the Adani Group for the Bangladeshi government to expedite the clearance of $800 million owed by the Bangladesh Power Development Board (BPDB) for power supply.
A senior government official cited in the report stated that Bangladesh intends to examine the terms of these contracts and the prices paid for power supply. “There will be scrutiny of Indian businesses, such as Adani… the types of contracts signed, and their terms and conditions; foreign companies must comply with local laws,” the official added.
In addition to Adani Power, other Indian companies, including PTC India, NVVL Ltd, and Semcorp Energy India, also supply power to Bangladesh.
