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Monday | May 11, 2026 | Dhaka

‘No issues with $4.5 billion Adani power project’

 New Nation
 Published: 12:00 AM, 04 March 2023

News Desk :
Bangladesh has no issues with the $4.5 billion Adani Power Project, State Minister for Foreign Affairs Md Shahriar Alam said.
“We are not having any issues with the Adani project. It is done and it is moving,” he told Indian news outlet, ABP Live. “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,” the minister said. The state minister also said the Adani power project is “very crucial” for Bangladesh, and repudiated claims that the project will not go through.
Bangladesh signed the deal with Adani Power back in 2017. As per the agreement with the Bangladesh government, Adani set up a power plant in the Jharkhand state of India.
However, recently, the Bangladesh government sought a revision to the power purchase agreement (PPA) it signed with Adani Power Ltd for importing electricity from its thermal power plant. On February 23, sources said that the Adani Group had started a discussion to resolve the issues on the “coal pricing mechanism of the power purchase agreement (PPA)” with Bangladesh.
According to highly placed sources at the state-owned Bangladesh Power Development Board (BPDB), a five-member delegation of the Adani Group arrived in Dhaka and held a meeting with the top officials of BPDB.
A chief executive and a chief procurement officer of Adani were among the five-member delegation while one official from Adani’s Dhaka office also joined the meeting, said the source requesting anonymity. Earlier, BPDB, the government agency tasked with overseeing the development of the country’s power sector, sent a letter to the Indian company in this regard.
The BPDB sent a letter to the Adani Group following a request it received in relation to opening LCs (in India) to import the coal that will be used as fuel for the 1,600MW plant in Jharkhand,” a highly-placed official of BPDB told UNB, in return for anonymity to discuss the sensitive matter.