The Bangladesh Power Development Board (BPDB) and Adani Power are likely to soon revise their power-purchase agreement, especially the coal price aspect, following a request from the neighbouring country’s electricity authority.
A source in the electricity department in Bangladesh said a high-powered team led by power minister Nasrul Hamid that visited the plant at Godda in Jharkhand in January first discussed the high coal price with the Adani Power authorities, following which the BPDB sent a formal letter to the company on January 25.
“The formal letter was sent after the company authorities agreed to negotiate the coal price, which had become prickly for us…. I can’t give any timeline on when the revision will take place, but I can say that they have cordially agreed to address our concerns and negotiations are on,” said the source, who did not wish to be named.
