An Adani Power coal-fired plant that exports electricity passes on Indian corporate taxes to Bangladesh and charges more than market rates, according to a recent report from a government-appointed committee in Bangladesh. The report called for electricity contracts to be reviewed to identify opportunities for "renegotiation of the most fiscally damaging provisions." The report also said the Adani plant, which supplies more than 10% of Bangladesh's power, used "excessively priced" coal and billed Indian corporate taxes to Bangladesh. "Standard international practice usually requires independent power plants to bear their own corporate taxes in their home jurisdiction," the NRC report said. "The Adani power purchase agreement deviates by including Indian corporate tax components in the tariff charged to Bangladesh."

Source: The Telegraph January 26, 2026 08:41 UTC