Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
- Posted on December 19, 2024
- By Business News Today
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Adani, under bribery scrutiny, pressed by Bangladesh to reopen power deal
Bangladesh's interim government accuses Adani Power of breaching a power supply agreement by withholding tax benefits. Dhaka seeks to renegotiate the 2017 deal, citing higher costs and lack of competitive bidding. The dispute escalates as Bangladesh falls behind on payments, and Adani Power halves electricity supply.