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Bangladesh has appointed a British instrumentality steadfast to correspond its state-run Power Development Board (BPDB) successful mediation proceedings implicit its disputes with Adani Power Limited connected the Indian conglomerate’s ember pricing and powerfulness tariffs, officials said connected Friday (January 30, 2026).
The BPDB officials said they appointed London-based 3VP, a starring instrumentality steadfast that provides commercialized and fiscal litigation, to correspond Bangladesh successful the Singapore International Arbitration Centre (SIAC), a tribunal of planetary arbitration.
The Bangladesh-based Business Standard (TBS) paper said the 3VP chambers, headed by King's Counsel Farhaz Khan, had been advising a nationalist reappraisal committee connected the Adani woody for respective months.
The improvement came successful little than a week, wrong 5 days of the committee submitting its last study detailing powerfulness assemblage agreements signed during the deposed Prime Minister Sheikh Hasina’s toppled Awami League government.
"Our determination to name the British steadfast came arsenic Adani Power initiated arbitration astatine Singapore International Arbitration past year,” a Power Division authoritative said, portion the Indian vigor elephantine claimed astir $485 cardinal successful unpaid dues linked to the disputed ember tariff.
Under the agreement, mediation is simply a mandatory but non-binding measurement earlier afloat arbitration.
Bangladesh argues that Adani is charging an excessively precocious ember price, inflating energy procreation costs. After the autumn of the Hasina-led authorities connected August 5, 2024, successful a convulsive student-led thoroughfare protest, BPDB intensified efforts to reopen negotiations with Adani.
The nationalist reappraisal committee earlier connected Thursday (January 29, 2026) said it gathered beardown grounds for Bangladesh to initiate planetary ineligible proceedings against Adani Power Limited.
"Money transactions took spot betwixt Adani officials and Bangladeshi officials, and the sheet is acceptable to taxable this grounds to tribunal erstwhile ineligible proceedings begin," interim government’s vigor advisor Fouzul Kabir Khan said.
The officials said they shared the grounds with Anti Corruption Commission (ACC) for further investigation.
The reappraisal committee submitted its interim study successful November past year, erstwhile the advisor said Bangladesh’s interim authorities of Muhammad Yunus could scrap the existing powerfulness procurement declaration with Adani if it was proven that the woody was reached done corrupt means.
The reappraisal committee, headed by retired High Court justice Moinul Islam Chowdhury, who earlier told reporters that they prepared a abstracted study connected the powerfulness acquisition woody with India’s Adani radical arsenic well.
"But we judge you volition get beardown grounds of corruption erstwhile a ineligible process begins astatine location and overseas against Adani and a fewer different companies related to Adani who are progressive successful this corruption,” the state-run BSS, meanwhile, reported, quoting an unnamed committee member.
Prominent jurist Shahdeen Malik, who was indicted successful the committee, however, asked the authorities to measurement the risks of scrapping overseas deals, saying that portion determination were ineligible grounds to cancel specified overseas contracts, taking the substance to an planetary tribunal could trigger claims of up to $5 billion.
Adani supplies 1,600 MW from its Godda works successful Jharkhand, and successful presumption of payments, Bangladesh cleared its outstanding dues, making a one-time outgo of $437 cardinal successful June 2025, settling each receivables up to March 31, 2025.
Previously, Bangladesh had struggled to wage dues, which had caused Adani to trim supply, but afloat proviso has been restored since the payments were settled.
