Bangladesh’s interim government, led by Chief Adviser Muhammad Yunus, has launched a comprehensive review of power purchase agreements signed during Sheikh Hasina’s tenure as Prime Minister from 2009 to 2024.
The National Review Committee on Power, Energy, and Mineral Resources, formed under the amended Quick Enhancement of Electricity and Energy Supply Act, 2010, is focusing on seven significant projects, including a deal with India’s Adani Group.
Adani Group’s Godda Coal Plant Under Scrutiny
A major focus of the review is the Adani (Godda) BIFPCL 1234.4 MW coal-fired plant. Built in Jharkhand exclusively to supply power to Bangladesh, this plant has recently become a point of contention.
- The Adani Group has claimed USD 800 million in unpaid dues for power supplied.
- Bangladesh’s state-run Power Development Board countered, stating they had already paid USD 150 million and plan to clear the remaining amount soon despite facing a dollar crisis.
Concerns Over Other Power Agreements
Apart from the Adani deal, six other agreements are under review, including:
- A 1320 MW coal-fired plant built by a Chinese company.
- Contracts with Bangladeshi business groups linked to Sheikh Hasina’s administration.
The review committee, led by retired High Court judge Moyeenul Islam Chowdhury, reported “enormous proof” of irregularities in the agreements.
Recommendations and Next Steps
The committee has recommended hiring top-tier international legal and investigative agencies to examine these deals further. The statement highlights that some agreements may require cancellation or renegotiation under international arbitration laws.
The team also requested more time to analyze other solicited and unsolicited contracts signed during Hasina’s regime.
Impact on India-Bangladesh Energy Cooperation
India views energy collaboration as a cornerstone of bilateral ties with Bangladesh. The Adani Group’s thermal plant underscores this cooperation but has also led to recent friction.
India’s new legislation now allows the Adani Group to sell power in its domestic market, potentially impacting future energy agreements.
The outcome of Bangladesh’s review could have significant implications for regional energy partnerships and Sheikh Hasina’s legacy.
