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HomeWORLDBangladesh Minister says it is going ahead with $ 4.5bn Adani Power...

Bangladesh Minister says it is going ahead with $ 4.5bn Adani Power Project, and has no issues with it

Minister of State for Foreign Affairs of Bangladesh Md. Shahriar Alam has stated that his country is going ahead with the $4.5 billion Adani Power Project as it is an “important project” for Bangladesh and the country has no issues with it.

Bangladesh going ahead with $ 4.5 billion Adani Power Project

He stated,

“We are not having any issues with the Adani (power) project. It is done and it is moving,” 

“It (the project) is progressing … (Power purchasing agreement is agreed) That’s all agreed. I don’t have the details. I am not the line minister. But it’s all agreed and it’s moving,”

He also refuted claims that the project will not go through,

“It’s a very important project for Bangladesh,” 

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In November 2017, the deal was signed between Adani Power and the state run Bangladesh Power Development Board (BPDB) in November 2017 and it entailed construction of a $1.7 billion power manufacturing in Jharkhand’s Godda district for supplying power to the Bangladesh.

Concerns from Bangladesh

Ever since Gautam Adani got embroiled in Hindenburg Row, Dhaka has been worried that the Indian Government might treat it as a private deal and will not push embattled billionaire to expedite the project.

According to local Media reports BPDB has sought revision to the power purchase agreement, this has been because Bangladesh has not been able to procure a provision of discounts for itself and the country will have to pay inflated price.

Also read: ‘I am not scared of jails, some were even hanged till death’: Manish Sisodia writes in resignation letter to Arvind Kejriwal

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