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Published

Bangladesh halves power buying from India's Adani amid payment dispute

  • Bangladesh has reduced its power purchase from India's Adani Power by half due to lower winter demand and payment disputes, according to government officials.
  • Bangladesh currently owes Adani Power approximately $650 million, having paid $85 million last month and $97 million in October.
  • The Bangladesh High Court has ordered an investigation into Adani's contract, prompting calls for renegotiation or cancellation of the 25-year agreement due to high costs and anomalies.
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