Bangladesh has appointed the London-based legal firm Three VB Chambers to represent the Bangladesh Power Development Board (BPDB) in an international arbitration process against India’s Adani Power Limited. The arbitration, to be conducted at the Singapore International Arbitration Centre (SIAC), concerns disputes over coal pricing and electricity tariffs. The decision came five days after a national review committee submitted its final report on power sector contracts signed during Sheikh Hasina’s government.

BPDB officials said the firm, led by King’s Counsel Farhaz Khan, has been advising the national committee reviewing the Adani contract for several months. The dispute intensified after Adani Power initiated arbitration in Singapore last year, claiming Bangladesh owed about USD 485 million in unpaid coal-related dues. Bangladesh has accused Adani of inflating coal prices, artificially raising power generation costs.

Following the fall of the Hasina government in August, the interim administration strengthened its review of the Adani deal. Officials said evidence of financial transactions between Adani and some Bangladeshi officials has been sent to the Anti-Corruption Commission. Legal experts have cautioned that contract termination could expose Bangladesh to compensation claims of up to USD 5 billion.