Dhaka, June 26 -- India's Adani Power has expressed a willingness to reconsider the contentious coal pricing formula tied to its electricity exports to Bangladesh-provided the Bangladesh Power Development Board (BPDB) clears its outstanding payments.
The assurance was given during a virtual meeting on Monday between senior officials of BPDB and representatives from Adani Power, according to government sources.
"There is an unresolved payment issue with Adani, but some progress has been made," said Power Division Secretary Farzana Mamtaz.
"Adani has claimed dues amounting to $900 million, though our internal assessment indicates a lower figure. This difference, largely due to late payment penalties, has resulted in a dispute that is still...