DHAKA, Jan. 26 -- A government-appointed review committee in Bangladesh has flagged the Adani Power coal-fired plant's electricity supply deal as overpriced, citing serious procedural anomalies in the contract award. The National Review Committee (NRC) report, dated January 20, found that the Godda plant in Jharkhand, India, charged Bangladesh electricity at a 39.7% premium over the nearest private-sector competitor.

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The NRC described the price divergence as the result of "specific contractual choices" and labelled it the "most significant statistical outlier" among cross-border electricity procurement arrangements. The report also highlighted that the plant's c...