Bangladesh plans to renegotiate its power purchase deal with India’s Adani Power Ltd. in order to seek lower prices, according to people familiar with the matter, marking one of the newly elected government’s first initiatives since taking office last week.
The cost of coal used by the Indian power supplier is too high, as is the price of electricity being
charged to Bangladesh, said one of the people, a senior government official.
Reopening negotiations with the company is at the top of the agenda for the new government, the person said, who asked not to be identified because the discussions are private.
The government hasn’t yet raised the matter with the company, the person said.