Bangladesh likely to keep power deal with Adani: sources

Reported By: ST Report Posting Time: 2024-10-12 20:36:01 Catagory: Bank
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Bangladesh likely to keep power deal with Adani: sources

Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with Indian Adani Power in the face of supply worries and gloomy prospects for a legal challenge, two sources with direct knowledge of the matter said.
The new government has set up a panel to gauge whether its predecessor contracts adequately protected the nation interests, particularly projects faulted for lack of transparency that were initiated under a special expediting law.
Also, a legal challenge in an international court was likely to fail without strong evidence of wrongdoing, the source added.