Bangladesh's Summit reviewing cross-border power deals after India rule change
4 months ago

Bangladesh's Summit reviewing cross-border power deals after India rule change

Hindustan Times  

By Sudarshan Varadhan Bangladesh's Summit reviewing cross-border power deals after India rule change SINGORE, - Bangladesh's Summit Group plans to renegotiate preliminary deals to import renewable power from India after a recent rule change by New Delhi allowed generators that exclusively export their electricity to sell locally, the utility's chairman said. Summit Power International, the Singapore-based holding company for Summit Group's power generation assets, is exploring options including delaying investments until there is more policy clarity, and renegotiating financial terms to account for higher risks, Khan said. Summit's plans to import clean electricity via India from 700 megawatts of hydro power plants it planned to build in Bhutan and Nepal as a part of $3 billion in regional clean power investments also face uncertainty due to a new government in Bangladesh, Khan said. Khan said the new Bangladesh government's decision to suspend a law allowing awards of power supply contracts without tenders also contributed to his decision to review projects.

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History of this topic

Bangladesh seeks review of power deals by Sheikh Hasina, including one with Adani Group
4 weeks, 1 day ago

Bangladesh seeks review of power deals by Sheikh Hasina, including one with Adani Group

Hindustan Times  

A review committee under the Bangladesh power ministry suggested investigating bilateral power purchase agreements signed by exiled former Prime Minister Sheikh Hasina with different business conglomerates, including India's Adani Group, news agency PTI reported. The interim government, headed by Chief Adviser Muhammad Yunus, had formed a committee to review power purchase contracts signed under the Quick Enhancement of Electricity and …

Bangladesh to review Hasina-era energy deals, including one with India’s Adani Group
4 weeks, 1 day ago

Bangladesh to review Hasina-era energy deals, including one with India’s Adani Group

Firstpost  

The Adani Group, however, recently sent a letter to the Bangladesh government over its unpaid USD 800 million power supply bill while Bangladesh’s state-run Power Development Board said they had already paid USD 150 million despite its dollar crisis and was expecting to pay the full amount. Bangladesh’s interim government review committee has recommended an investigation into power agreements signed …

Bangladesh seeks to review energy deal with Adani Group signed during Sheikh Hasina reign
1 month ago

Bangladesh seeks to review energy deal with Adani Group signed during Sheikh Hasina reign

India Today  

A review committee formed by Bangladesh's interim government on Sunday recommended engaging an investigation agency to examine power agreements signed by deposed Prime Minister Sheikh Hasina’s regime with different business groups, including one with Adani Group. "The National Review Committee on the Ministry of Power, Energy and Mineral Resources has recommended the appointment of a reputed legal and investigation agency …

Nepal exports 40 MW power to Bangladesh via India, New Delhi says a step towards South Asian grid
1 month, 1 week ago

Nepal exports 40 MW power to Bangladesh via India, New Delhi says a step towards South Asian grid

Firstpost  

The Indian government expressed its openness to facilitate the first trilateral power transaction from Nepal to Bangladesh, through the Indian grid with an export of up to 40 MW. The move was announced during Nepal’s former Prime Minister Pushpa Kamal Dahal ‘Prachanda’s’ visit to India from May 31 to June 3, 2023 Indian Minister for energy and power Manohar Lal …

In a first, Nepal exports electricity to Bangladesh via Indian power grid
1 month, 1 week ago

In a first, Nepal exports electricity to Bangladesh via Indian power grid

Hindustan Times  

NEW DELHI: Nepal exported electricity to Bangladesh through the Indian power grid for the first time on Friday, marking the operationalisation of a tripartite arrangement that has been in the works for almost two years and is meant to forge energy connectivity. The three countries initiated talks on the arrangement in 2022 following a long-standing request from Nepal to the …

Adani group lifts threat to cut power to Bangladesh under new repayment terms. But readies a backup.
1 month, 2 weeks ago

Adani group lifts threat to cut power to Bangladesh under new repayment terms. But readies a backup.

Live Mint  

Mumbai: Following intense negotiations over five days, the Adani group lifted a crucial power supply deadline imposed on the Bangladesh government after the crisis-hit nation conceded fresh repayment terms for dues worth about ₹7,500 crore. Adani group had set a 7 November deadline for the neighbouring country’s government to either clear the dues or face a power cut that could …

Bangladesh's Interim Govt To Review Adani Power Deal And Other Indian Agreements: Report
3 months, 1 week ago

Bangladesh's Interim Govt To Review Adani Power Deal And Other Indian Agreements: Report

ABP News  

Indian businesses operating in Bangladesh, including Adani Group, are facing increased scrutiny from the interim government led by Muhammad Yunus, according to a report by The Indian Express. In addition to Adani Power, other Indian firms such as PTC India, NVVL Ltd, and Semcorp Energy India are involved in power supply to Bangladesh. Currently, Indian firms charge an average power …

A change in India’s power export rules | Explained
4 months ago

A change in India’s power export rules | Explained

The Hindu  

The story so far: On August 14, Reuters reported on the introduction of an amendment to India’s power export rules. In a statement on July 15 last year, Adani Power stated that the electricity supplied from Godda will have a positive impact on the neighbour’s power situation by replacing costly power generated using liquid fuel. As per the Bangladesh Power …

Adani Power's Godda Plant Gets Green Light To Supply Indian Market Amid Bangladesh Unrest
4 months, 1 week ago

Adani Power's Godda Plant Gets Green Light To Supply Indian Market Amid Bangladesh Unrest

ABP News  

Adani Power’s 1,600 MW coal-fired Godda power plant in Jharkhand, previously dedicated to supplying electricity exclusively to Bangladesh, can now divert output to India, following a significant amendment to the country's power export rules, according to a report by Reuters. An internal memo from India's federal power ministry, dated August 12 and seen by the news agency, revises 2018 guidelines …

Ministry of Power amends Cross-Border Electricity Guidelines
4 months, 1 week ago

Ministry of Power amends Cross-Border Electricity Guidelines

Op India  

On 12th August, the Ministry of Power, Government of India, announced notable amendments to the Guidelines for Import/Export of Electricity, 2018. The updated guidelines aimed at enhancing the strategic leverage in cross-border electricity trade, particularly with countries like Bangladesh, while safeguarding the energy security of India. Key Provisions of the amendment As per the announcement by the Ministry of Power, …

Adani now allowed to sell Bangladesh-bound power in India
4 months, 1 week ago

Adani now allowed to sell Bangladesh-bound power in India

The Hindu  

An Adani Power coal-fired power plant under contract to sell all its output to Bangladesh can now supply the domestic market after an amendment to India's power export rules, helping the company hedge against political risks in Bangladesh. An internal federal power ministry memo, dated Aug. 12 and seen by Reuters, amends 2018 guidelines governing generators supplying electricity "exclusively to …

Indian envoy highlights Indo-Bangla energy connectivity as Dhaka prepares to receive Chinese team for trade talks
5 months, 2 weeks ago

Indian envoy highlights Indo-Bangla energy connectivity as Dhaka prepares to receive Chinese team for trade talks

The Hindu  

Days ahead of Bangladesh Prime Minister Sheikh Hasina’s upcoming visit to China, India’s envoy to Bangladesh Pranay Verma has identified ‘energy connectivity’ as a key pillar of the “transformative changes” that are shaping the India-Bangladesh relationship. Speaking at an event in Dhaka on July 2, Mr. Verma said that the regional electricity trade between India, Bangladesh, Nepal, and Bhutan would …

Bangladesh launches new India-assisted rail projects and thermal power unit amid opposition protests
1 year, 1 month ago

Bangladesh launches new India-assisted rail projects and thermal power unit amid opposition protests

Associated Press  

NEW DELHI — India and Bangladesh launched two new railway links and a thermal power plant unit Wednesday to strengthen connections and energy security in the region amid strong opposition protests in Bangladesh. Indian Prime Minister Narendra Modi and Bangladeshi Prime Minister Sheikh Hasina jointly inaugurated the three Indian-assisted development projects via video conferencing. India provided another $1.6 billion for …

Adani Power starts electricity supply to Bangladesh from Godda plant
1 year, 8 months ago

Adani Power starts electricity supply to Bangladesh from Godda plant

Live Mint  

Billionaire Gautam Adani-led Adani Power on 9 April said that it has begun supplying electricity from its plant in Godda in Jharkhand to Bangladesh. According to the company statement, Adani Power Ltd has commissioned the first 800 MW ultra-super-critical thermal power generation unit at Godda in Jharkhand. Among other things, APL said that it is the first power plant in …

India-Bangladesh Ties Get a Pipeline Boost, Tackling China Should Follow
1 year, 9 months ago

India-Bangladesh Ties Get a Pipeline Boost, Tackling China Should Follow

The Quint  

The COVID pandemic and the Ukraine war have taken a toll on all countries but the road to recovery has begun. Apart from buying 1200 MW of electricity from India, the 50:50 joint venture 1320 MW thermal power plant is being built at Rampal by the NTPC. A pragmatic approach has led Bangladesh to emerge as India’s largest trading partner …

No Issues With $4.5 Bn Adani Power Project, It’s 'Very Important' And 'Progressing': Bangladesh Minister In India
1 year, 9 months ago

No Issues With $4.5 Bn Adani Power Project, It’s 'Very Important' And 'Progressing': Bangladesh Minister In India

ABP News  

New Delhi: Bangladesh has said that the country is going ahead with the $4.5 billion Adani Power Project as it does not have “any issues” with the Indian conglomerate and that it is an “important project” of Bangladesh. The deal also entailed the construction of a $1.7 billion power manufacturing unit in Jharkhand’s Godda district for supplying power to Bangladesh. …

Bangladesh asks Adani Power to revisit 2017 pact over ‘excessive’ pricing: Report
1 year, 10 months ago

Bangladesh asks Adani Power to revisit 2017 pact over ‘excessive’ pricing: Report

Hindustan Times  

NEW DELHI: Authorities in Bangladesh have sought a revision of an agreement with Adani Power Ltd for importing electricity from a thermal power plant in Jharkhand over the “excessive” pricing of coal, according to a Bangladeshi media report. Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration The Bangladesh Power Development Board signed a …

Bangladesh balances energy needs with climate, conservation
2 years, 1 month ago

Bangladesh balances energy needs with climate, conservation

Associated Press  

RAMPAL, Bangladesh — Fish, rice, mangrove trees and the lush delta wetlands where the massive Ganges, Brahmaputra, and Meghna rivers drain into the Bay of Bengal. A power plant will start burning coal near the Sundarbans this year as part of Bangladesh’s plan to meet its energy needs and improve living standards, officials say. Once the power plant begins functioning …

India, Bangladesh focus on management of water resources, food security
2 years, 6 months ago

India, Bangladesh focus on management of water resources, food security

Hindustan Times  

India and Bangladesh on Sunday agreed to deepen cooperation in the management of common rivers and water resources, food security, sustainable trade, climate change, renewable energy and cybersecurity. A meeting of the bilateral joint consultative commission co-chaired in New Delhi by external affairs minister S Jaishankar and his Bangladesh counterpart AK Abdul Momen also called for the safe, speedy and …

INTERVIEW | SAARC had its days and we need to look beyond it: Sunil KC, Vice President NICCI, Nepal
2 years, 8 months ago

INTERVIEW | SAARC had its days and we need to look beyond it: Sunil KC, Vice President NICCI, Nepal

New Indian Express  

The SAARC has its days and we need to look beyond it. Meanwhile, Bangladesh- India- Nepal a trilateral initiative that could be a special vehicle to enhance the sub regional trade, transit and economic ties and most importantly it helps in bringing three countries together in the development of Hydropower Projects in Nepal as Nepal has a rich renewable energy …

Green energy developers steer clear of China funding links
4 years, 2 months ago

Green energy developers steer clear of China funding links

Live Mint  

Indian green energy promoters have told deal advisors to ensure there’s no China connection to inbound funds, according to several developers currently raising funds. Potential deals include Acme Solar looking to sell 4.84 GW of solar projects; Petroliam Nasional Bhd looking to acquire around 10% stake in Tata Power Renewable Energy Limited, in addition to investing in Tata Power renewable …

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