Adani Power, which operates a $2 billion plant in Jharkhand under a 25-year deal signed in 2017, had already reduced supply on October 31, citing overdue payments.

Bangladesh has halved the power it buys from neighbouring India's Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.

DHAKA: Bangladesh wants to sharply lower prices under a power-purchase deal with India’s embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal,

Bangladesh has halved imports from Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hu

Adani Power said on Monday it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal.

Adani has been supplying power under a 25-year contract signed in 2017 under ousted PM Sheikh Hasina, from a $2 billion power plant in Jharkhand that has two units.

Adani Power shares were trading at Rs 551.25, down 0.6 per cent. The scrip had fallen to a low of Rs 543.25 earlier today.

Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal,

Bangladesh wants to renegotiate its power purchase deal with Adani Group if the agreement isn’t canceled by a court, Reuters reported, citing the head of its power ministry.

Adani has been supplying power under a 25-year contract signed in 2017 under ousted Prime Minister Sheikh Hasina, from a $2-billion power plant in Jharkhand that has two units, each with capacity of about 800 megawatts.

Bangladesh seeks to significantly reduce prices under a power purchase deal with Adani Group or consider its cancellation pending a court investigatio