Bangladesh asks Adani Power for lower import price for coal

Inauguration ceremony after the Adani Group completed the purchase of Haifa Port
Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir Cohen

DHAKA, Feb 2 (Reuters) - Bangladesh has sent a letter to Adani Power Ltd (ADAN.NS) to negotiate a lower import price for coal under a power purchase agreement, the state minister for energy and power told Reuters on Thursday.

"We are following Newcastle index pricing for importing coal," said Nasrul Hamid.

"Now that we are getting a discount on the pricing for other coal plants, such as the Payra power plant, we want to open the door for negotiations with Adani, too. We have sent them a letter to discuss the issue."

Adani Power did not immediately respond to a request for comment from Reuters.

Reporting by Ruma Paul, writing by Shivam Patel

Our Standards: The Thomson Reuters Trust Principles.

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