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26 February 2024

Business Insider Bangladesh

Indian govt denies knowledge of Bangladesh seeking revised deal with Adani

UNB || BusinessInsider

Published: 12:43, 3 February 2023   Update: 12:44, 3 February 2023
Indian govt denies knowledge of Bangladesh seeking revised deal with Adani

Photo: Collected

India has said it is not involved in any agreement between the Bangladesh government and Adani Power for procurement of electricity from the Indian conglomerate's plant in Jharkhand.

"I don't have anything on that. I understand you are referring to a deal between a sovereign government and an Indian company. I am not aware of it. I don't even think we are involved in this,” said Indian Ministry of External Affairs Spokesperson Arindam Bagchi while responding to a question in a weekly media briefing in New Delhi on Thursday.

The reporter referred to a media report that says the government of Bangladesh has sought a revision to the power purchase agreement (PPA) it signed with Adani Power Ltd for importing electricity from its thermal power plant in Jharkhand, India.

Responding to another question, the spokesperson said as part of its larger neighbourhood-first strategy, India would like to see greater economic integration and inter-connection with its neighbours which assists their process of development.

India wants its neighbouring countries to benefit from its economic growth through the strengthening of connectivity links and cooperation in the power and waterways sectors, he said.

However, the spokesperson said, if some projects are not working for financial or economic reasons, he does not think it is a reflection on the relationship. “We will continue our efforts to bring our two countries closer through greater investment and trade linkages."