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Bangladesh has asked India's Adani Power Ltd. to restore full electricity supply as agreed in the original pact, three months after a faceoff with the Indian firm over unpaid dues....
Bangladesh's Graft Probe Into Its Russian Nuclear Power Plant Is Politically Motivated
Authored by Andrew Korybko via substack,
Bangladesh's new US-backed ruling arrangement initiated a graft probe into their country's Russian-built Rooppur Nuclear Power Plant (RNPP) on the basis that former Prime Minister Sheikh Hasina and her relatives allegedly embezzled $5 billion from this $12.65 billion project financed 90% by Russian loans.
Rosatom immediately denied these accusations and claimed that they're just a means to discredit Russia's top investment in Bangladesh. Here's their full statement as reported by TASS:
“Rosatom is committed to a policy of openness and the principle of combating corruption in all its projects and maintains a transparent procurement system. External audits regularly confirm the openness of the business processes of the project. Rosatom State Corporation is ready to defend its interests and reputation in court. We consider false statements in the media as an ...
Bangladesh's electricity imports from Adani plant slide by a third in November By Sudarshan Varadhan SINGAPORE, Dec 17 (Reuters) - Bangladesh's electricity imports from an Adani Power ADAN.NS plant in India fell by nearly a third in November, Indian government data showed, pushing the south Asian nation to boost fuel oil use for power generation. Adani abruptly slashed supply to Bangladesh from its 1,600 megawatt power plant in Jharkhand state last month following a dispute over dues....
Five Indian power companies are grappling with over $1 billion in unpaid dues from Bangladesh. Key player Adani Power is owed around $800 million. Despite continued supply, companies have stressed on the unsustainable nature of this arrangement....