Indian Power Company Files Claim Against Bangladeshi Utility
India's Adani Power is preparing to submit a claim to the Singapore International Arbitration Centre (SIAC) against a Bangladeshi state-owned utility. This dispute concerns payments related to a power supply agreement.
The Bangladeshi government has threatened to cancel the contract if corruption allegations against the utility are confirmed.
Context and Additional Information
The case highlights ongoing tension over contractual obligations and corruption concerns in cross-border power deals between India and Bangladesh.
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Author’s summary: Adani Power is pursuing arbitration against a Bangladeshi state utility amid corruption allegations that threaten the existing power supply contract.