SINGAPORE, Aug 20 (Reuters): Bangladesh's Summit Group plans to renegotiate preliminary deals to import renewable power from India after a recent rule change by New Delhi allowed generators that exclusively export their electricity to sell locally, the utility's chairman said.
India amended its power export rules less than a week after Prime Minister Sheikh Hasina fled Bangladesh early this month amid deadly protests, enabling Adani Power to connect its Godda coal-fired plant - the only generating station under contract to export all its output - to India's domestic grid.
"After the policy change, my partners in India might be more willing to sell in India. Our company will be investing in transmission in Bangladesh and we will have to assume more risks," Summit Group Chairman Aziz Khan told Reuters.
The conglomerate, which operates over a dozen fossil fuel-based power generation plants, signed preliminary deals with Indian partners including Tata Power Renewable Energy Ltd last year to construct and source supply from 1,000 megawatts (MW) of renewable projects.
A spokesman for Tata Power declined to comment on Summit's plans.
Green power imports are crucial for slashing emissions in Bangladesh, which gets nearly 99 per cent of its electricity from fossil fuels.
Summit reviewing cross-border power deals after India rule change
FE Team | Published: August 20, 2024 22:39:34
Summit reviewing cross-border power deals after India rule change
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