Adani did not remit savings from India tax break it got: Bangla govt
Financial Express Kochi|December 20, 2024
BANGLADESH'S INTERIM GOVERNMENT has accused Adani Power of breaching a multi-billion-dollar energy supply agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters.
KRISHNAN DAS

In 2017, the company controlled by Gautam Adani signed an agreement with Bangladesh to provide power from its coal-fired plant in eastern India. Dhaka has said it hopes to renegotiate the deal, which was awarded by ousted Prime Minister Sheikh Hasina without a tender process and costs Bangladesh far more than its other coal power deals, according to official documents as well as interviews with six Bangladesh officials.

This story is from the December 20, 2024 edition of Financial Express Kochi.

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This story is from the December 20, 2024 edition of Financial Express Kochi.

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