Bangladesh’s Minister of Power, Energy and Mineral Resources, Iqbal Hasan Mahmud Tuku, told Parliament that the government is considering revising the power purchase agreement signed with India’s Adani Power Limited. The minister said the previous Awami League government had signed the deal at an abnormally high price. He made the statement on Thursday in response to a question from a member of Parliament during a session chaired by Speaker Hafiz Uddin Ahmed.

According to Tuku, the 2017 agreement with Adani Power (Jharkhand) Limited was reviewed by a national committee formed during the interim government, led by a retired Supreme Court judge. The committee included power and energy experts, legal specialists, economists, and chartered accountants, and also sought opinions from an international law firm specializing in international agreements. The committee’s report concluded that the deal was signed at an unusually high rate compared to domestic and international markets.

Based on the committee’s findings, the government is actively considering options such as seeking arbitration in an international court or renegotiating the contract with Adani Power.