Bangladesh’s Power Deal with Adani Under Bribery Scrutiny

• Bangladesh’s interim government accuses energy supplier Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits.

• The deal, awarded by then-Prime Minister Sheikh Hasina without a tender process, costs Bangladesh significantly more than its other coal power deals.

• Bangladesh has been behind on payments to Adani Power since July 2023, owing several hundred million dollars for energy already supplied.

• Bangladesh plans to reopen the 25-year deal and use the fallout from U.S. prosecutors’ November indictment of Adani and seven other executives to press for a resolution.

• Adani Power’s Godda plant runs on imported coal and was built to serve Bangladesh.