Bangladesh's interim government hopes to renegotiate a 2017 multibillion-dollar deal with Adani to supply power from a coal-fired power plant in eastern India. The deal was awarded by then Prime Minister Sheikh Hasina without a tender process, and cost much more than other coal plants in Bangladesh. The caretaker government has accused Adani Power of breaching the deal by withholding tax benefits received from New Delhi by a power plant at the center of the deal.

According to a Reuters report, Dhaka owes several billion dollars for the power it is already supplied with. However, the two sides are debating the exact size of the bill. Bangladesh Power Minister Muhammad Fouzul Kabir Khan said the country now has enough domestic capacity to deal with Adani without supplies.

According to the report, Bangladesh plans to reopen the 25-year-old deal and hopes to leverage the fallout from US indictments in a $265 million bribery scheme to push for a resolution. The Adani Group denied the allegations and called them baseless.

An Adani Power spokesperson said they were fulfilling all contractual obligations and had no indication that Bangladesh would revise the contract.

Delhi declared Adani Power's Godda plant, which was built to run on imported coal and serve as part of a special economic zone in Bangladesh. Accordingly, it enjoyed incentives such as exemptions from income tax and other taxes.

The power supply was required to inform the changes in the Bangladesh power plant's tax status and convey the benefit of the Indian government's tax exemption, according to a contract signed between Adani Power and the state-owned Bangladesh Power Development Board (BPDB). 2017. However, the company failed to do so, according to BPDB's letters, asking for the return of the benefits.

BPDB officials told the news agency that they never received a response from the company. Bangladesh expects to save about $28.6 billion.

Meanwhile, on October 31, Adani Power halved the electricity supply to its Godda plant, citing a payment dispute with Bangladesh based on the calculation of electricity tariffs. According to Reuers, Adani Power refused BPDB's request to extend the discount offered until May. This discount resulted in savings of $13 million in Bangladesh. Adani Power stated that it would not consider further discounts until the payment issue was resolved.

Adani Power says it is owed $900 million, while the BPDB estimates arrears at around $650 million.

Bangladesh has been particularly frustrated by the curtailment of electricity supplies. BPDB chairman Rezaul Karim expressed anger that Dhaka sent $97 million to Adani Power in October, marking the highest monthly payment made this year.