Exclusive: Bangladesh wants to renegotiate Adani power deal unless court cancels
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2024
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Source: Reuters
Bangladesh's Power Deal with Adani Group: Bangladesh is seeking to renegotiate the power purchase agreement with India's Adani Group due to high prices and ongoing investigations into the deal, which has been criticized for its cost and potential corruption issues.
Impact of U.S. Corruption Allegations: Despite facing bribery allegations in the U.S., Adani's situation may not affect the Bangladeshi deal directly; however, the government is exploring ways to lower electricity costs and reduce reliance on expensive imported power.
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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.
