No indication of Bangladesh reviewing power deal: Adani 

Adani Power has said there is no indication that the Bangladesh government is reviewing a power purchase agreement with the company.

Adani Power said this on Monday a day after Reuters reported that the country is looking to renegotiate the deal.

Adani Power continues to supply power to Bangladesh despite mounting dues, which are of significant concern and are rendering plant operations unsustainable, a spokesperson for Adani Power said in a statement.

Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal.

The Bangladesh deal was signed in 2017 by Adani and a government entity under Prime Minister Sheikh Hasina, who was ousted this year amid a popular uprising and accusations of widespread corruption. 

Adani Group founder Gautam Adani is already facing allegations by U.S. authorities that he was part of a $265 million bribery scheme in India, charges he has denied, even as one Indian state reviews a power deal with the group and France's TotalEnergies pauses its investments. 

Adani Power is trying to recover more than $800 million in dues from Bangladesh and has been supplying 700 (megawatt) MW-750 MW from around 1,400-1,500 MW in early August.

The High Court ordered a committee of experts last week to examine the contract under which Adani supplies power from a $2 billion coal-fired plant in eastern India.

Source: Agencies