- Bangladesh’s interim government is reviewing power contracts, including a deal with Adani, amid bribery allegations.
- A committee has recommended an international agency to investigate these agreements, including Adani’s Godda plant.
- The review comes after a U.S. indictment accused Adani and others of bribing Indian officials in power supply deals.
Bangladesh’s interim government is reviewing several major power deals, including a controversial contract with India’s Adani Group. A committee tasked with investigating energy projects recommended appointing an international agency to examine contracts signed during the tenure of former Prime Minister Sheikh Hasina. The review includes the Adani Group’s 1234.4 MW Godda coal-fired plant in India, which was originally set up to supply power to Bangladesh.
The review of the Adani deal follows serious allegations in the United States, where U.S. prosecutors indicted Adani and others for allegedly bribing Indian officials to secure power contracts. While Adani has denied the charges, the issue adds to ongoing concerns about the company’s practices, including accusations of using offshore tax havens.
The review in Bangladesh also raises questions about the future of the Godda plant, which was initially built to supply power exclusively to Bangladesh. A recent change in Indian law now allows Adani to sell the power domestically, leading to concerns over Bangladesh’s access to its dedicated supply.
