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Bangladesh’s Interim Government Calls for Probe into Power Deals from Sheikh Hasina Era

A review committee has recommended an investigation into major power agreements, including Adani Group’s Godda plant, signed during Sheikh Hasina’s tenure as Prime Minister 

24-11-2024
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Bangladesh’s interim government has formed a review committee to investigate power agreements signed during Sheikh Hasina’s tenure as Prime Minister between 2009 and 2024. On Sunday, the committee recommended appointing a reputable legal and investigation agency to scrutinize the contracts, including one with India’s Adani Group.

In a statement from Chief Adviser Muhammad Yunus's office, the National Review Committee on the Ministry of Power, Energy and Mineral Resources revealed it is evaluating seven key energy and power projects. These include the Adani Group’s Godda coal-fired power plant, which has a capacity of 1,234.4 MW and is operated by Adani Power Limited’s wholly-owned subsidiary.

The committee is also reviewing a 1,320 MW coal-fired power plant developed by a Chinese company and several agreements with Bangladeshi business entities reportedly close to the previous government.

The review panel, led by retired High Court judge Moyeenul Islam Chowdhury, stated it had found "substantial evidence" warranting some agreements be reconsidered or annulled in line with international arbitration laws. The statement emphasized the need for additional time to further analyze both solicited and unsolicited contracts.

“To assist with the process, we recommend the immediate appointment of one or more internationally reputed legal and investigation agencies,” the committee said in its letter.

The Adani Group has recently drawn attention over its $800 million unpaid power supply bill to Bangladesh. The state-run Bangladesh Power Development Board (BPDB) acknowledged paying $150 million so far and committed to settling the remaining amount despite the country’s ongoing dollar crisis.

The Godda thermal plant, which was built exclusively to supply power to Bangladesh, has faced further scrutiny after India amended a law allowing the Adani Group to sell power generated at the plant in the domestic market. This has raised questions about whether Bangladesh will continue to receive dedicated power from the facility.

The interim government had earlier established the committee to investigate contracts signed under the Quick Enhancement of Electricity and Energy Supply (Special Provisions) Act, 2010 (Amended 2021). The committee’s mandate includes probing allegations of corruption in the country’s energy and electricity production and supply agencies.

The External Affairs Ministry of India previously described cooperation in power and energy as a cornerstone of India-Bangladesh relations. However, with the review now underway, the future of certain agreements remains uncertain.

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