Gautam Adani energy deal review in Bangladesh during Sheikh Hasina reign. Bangladesh will investigate the power deal with Adani: An investigation agency will be formed for this, the agreement for power production was signed when Hasina was PM.

The troubles of Adani Group, which is surrounded by bribery allegations in America, are increasing. It has been recommended to set up an agency to investigate the power agreement signed with Adani Group in Bangladesh when Sheikh Hasina was the PM. The committee constituted by the interim government has recommended the formation of this agency. Besides, a demand has also been made to investigate six other big energy and power agreements made during Sheikh Hasina’s tenure as PM.

An official statement said – The review committee of the Ministry of Power, Energy and Mineral Resources has recommended appointing an agency to investigate the agreements made regarding power production agreements from 2009 to 2024.

Committee demands- cancel or reconsider the agreements

In a statement issued from the office of Mohammad Yunus, Chief Advisor of the Interim Government, it was said – The review committee is reviewing seven major energy and power projects. This also includes Adani (Godda) BIFPCL 1234.4 MW Coal Fired Plant. Among the six other agreements, one has been signed with a Chinese company, which has built a 1320 MW coal fired electricity plant.

The statement also said that the committee has gathered a lot of evidence, on the basis of which the agreements should be canceled or reconsidered in accordance with international laws and procedures. Apart from this, extra time has been sought to investigate many other contracts.

This picture is of Adani Power Plant site. This is what the project looked like when it started

Agreement signed with Hasina government in 2016

Adani Group’s Godda Power Plant is the group’s first international power plant. In this, a 1600 MW thermal power plant was installed in Godda, Jharkhand. Due to this, electricity is being supplied to Bangladesh Power Development Board (BPDB) through transmission line. In 2016, an agreement was signed with Sheikh Hasina government regarding this.

Adani Power Limited (APL) started exporting electricity to Bangladesh through its power project from 10 April 2023. In 2017, the company had signed a deal to supply electricity to Bangladesh from Godda Power Plant for 25 years under the Power Purchase Agreement.

Adani Group had last month sent a letter to the Bangladesh government regarding the outstanding power supply bill of $800 million. Regarding this, Bangladesh Power Development Board said that they have already paid 150 million dollars despite the dollar crisis.

The plant was commissioned in three and a half years

After the commencement of Godda Power Plant, Gautam Adani shared a picture with Sheikh Hasina on social media. Then he had written, ‘I am honored to meet Bangladesh Prime Minister Sheikh Hasina on the full load commencement and handover of 1600 MW ultra super-critical Godda Power Plant. I salute the dedicated teams of India and Bangladesh who, despite facing Covid, commissioned the plant in a record time of three and a half years.

————————————–

Also read this news related to Gautam Adani…

Claim- American agency cannot send summons directly to Adani: Notice can be sent only through political channel; Petition for investigation in Supreme Court

It is not within the power of the US Securities and Commission (SEC) to send summons to Adani Group Chairman Gautam Adani on charges of bribery and fraud worth billions of rupees. This claim has been made in some media reports. It says that the summons will have to be sent through proper diplomatic channel. Read the full news here…