Adani power projects: Bangladesh hiring firm to aid review, Sri Lanka to let Cabinet decide

“The committee is presently engaged successful the elaborate probe of respective contracts. They see Adani (Godda) BIFPCL 1234.4 megawatt ember fired powerfulness plant,” it said, adding to the database powerfulness plants successful Payra (1320 MW coal), Meghnaghat (335 MW dual fuel), Ashuganj (195 MW gas), Bashkhali (612 MW Coal), Meghnaghat (583 MW dual fuel) and Meghnaghat (584 MW gas/RLNG).

“In an bonzer resolution, the committee led by Justice Moyeenul Islam Chowdhury said it needed much clip to bash further investigation of different solicited and unsolicited contracts. The committee is collecting grounds that whitethorn pb to imaginable renegotiation oregon cancellation of contracts successful enactment with the planetary arbitration laws and proceedings,” it said.

“To facilitate this, we urge the contiguous engagement of 1 oregon much top-quality planetary ineligible and investigative firms to assistance our committee, the reappraisal committee said successful its resolution,” the connection said.

“It said it wants to guarantee that its investigations are successful enactment with planetary standards and volition beryllium acceptable successful planetary negotiations and arbitration,” it said.

Reached for comment, a spokesperson for Adani Power Limited told The Indian Express, “We bash not remark connected the interior matters of Bangladesh. Our PPA is successful beingness for (the) past 7 years and is perfectly ineligible and afloat compliant with each laws. We proceed to fulfil our contractual obligations by supplying power.”

The Bangladesh interim government, nether Prof Muhammad Yunus, had formed a high-level enquiry committee, consisting of vigor and ineligible experts, to re-examine the country’s powerfulness acquisition statement (PPA) with the Adani Group signed successful 2017. This was successful enactment with the absorption of the Bangladesh precocious court.

On November 19, a two-judge bench, comprising Justice Farah Mahbub and Justice Debasish Roy Chowdhury, asked the authorities to taxable the committee’s study wrong 2 months, Bangladesh’s quality bureau UNB had reported.

Additionally, the HC had ordered the authorities to taxable each documents related to the 25-year woody betwixt the powerfulness part and Adani Group successful a month’s time.

The HC’s directive came aft a writ petition was filed by Supreme Court lawyer M. Abdul Qaiyum connected November 13. Qaiyum had earlier sent a ineligible announcement to the president of Bangladesh powerfulness improvement committee (BPDB) and the caput to the ministry of powerfulness and vigor and sought reevaluation of the presumption of the PPA oregon cancellation of the deals, the UNB reported.

The Indian Express had reported connected September 12 that the Yunus-led interim authorities was acceptable to scrutinise Indian businesses including the Adani Group which exports powerfulness from its Jharkhand portion nether a 2017 agreement.

More specifically, the interim authorities is keen to cognize the presumption of the statement and if the terms being paid for powerfulness is justified.

In November 2017, Adani Power (Jharkhand) Ltd (APJL) signed a 25-year 1,496 MW (net) Power Purchase Agreement with the Bangladesh Power Development Board. Under this, Bangladesh would bargain 100 per cent energy produced by AJPL’s Godda plant. The unit, which runs connected 100 per cent imported coal, was declared a Special Economic Zone by the Indian authorities successful March 2019.

The Godda plant, afloat commercially operational during April-June 2023, supplies 7-10 per cent of Bangladesh’s basal load. In 2023-24, it exported astir 7,508 cardinal units of power, oregon astir 63 per cent of India’s full powerfulness exports of 11,934 cardinal units to Bangladesh.

In worth terms, India’s powerfulness exports to Bangladesh had crossed $1 billion, astir 10 per cent of India’s full exports to its neighbour.

In the lawsuit of Sri Lanka, the caller authorities led by Anura Kumara Dissanayake is yet to instrumentality a last determination regarding the Adani Green Energy Ltd. (AGEL) upwind powerfulness task successful Mannar and Pooneryn, among different ongoing investments successful the country.

Speaking to Sri Lankan regular The Sunday Morning, Ceylon Electricity Board (CEB) spokesperson Eng. Dhanushka Parakramasinghe confirmed that portion the substance was being “reviewed”, nary last determination had been made truthful far.

He said a connection regarding the upwind powerfulness task would beryllium submitted to the Cabinet successful the coming weeks for further deliberation.

“The Cabinet volition reappraisal each the details regarding the Adani upwind powerfulness task earlier making a last decision. We are presently successful the process of evaluating each aspects of the project, including its fiscal feasibility and biology impact,” Parakramasinghe told The Sunday Morning.

“It is important that we guarantee transparency and accountability successful specified large-scale projects, particularly successful airy of the planetary concerns raised astir the Adani Group,” helium said.

The AKD authorities had told the country’s Supreme Court that it would reconsider the support granted by the erstwhile authorities to the Adani Group for the upwind powerfulness project.