Adani finally agrees to sit over power purchase disputes

In a breakthrough, Adani Power Limited has proposed to the Bangladesh Power Development Board (BPDB) to resolve the disputed clauses in the Power Purchase Agreement (PPA) with the Indian conglomerate.

The proposal was made by the chief executive officer of Adani Power, Shersingh B Khyalia, on Thursday during a meeting with the BPDB chairman, Md Rezaul Karim, in Dhaka.

Bangladesh had expressed concerns about the disputed clauses in the PPA long before the Adani Group-owned 1600 megawatt Godda power plant in India started supplying electricity to Bangladesh. 

Sources at the Power Division and BPDB told The Business Standard that, in reply to Adani's proposal, the BPDB chairman responded positively, saying, "We will sit and let you (Adani) know later on."