Bangladesh’s power sector has been mired in cronyism and kleptocracy, with onesided deals signed under the 2010 special act draining nearly $1.5 billion annually, according to the National Review Committee formed by the interim government to investigate power contracts.
The committee recommended that the government renegotiate all one-sided agreements.
It specifi cally urged initiating the cancellation process of the Adani Power deal, describing it as one of the most one-sided contracts signed during the previous regime.
The committee also said agreements approved during the Sheikh Hasina rule were designed to consolidate state power through manipulated procurement processes and fl awed planning, resulting in massive fi nancial losses for Bangladesh.