look news india
On one hand, Bangladesh is facing power crisis and due to dues, power supply from India has been stopped, while on the other hand, adopting a tough stance towards India is proving costly for Bangladesh. Now that Bangladesh has requested power supply from Nepal, the deal for this can be done on October 4, although India's role is also expected to be important in this deal.
It is proving costly for the interim government of Bangladesh to adopt a tough stance towards India. The situation is such that Bangladesh now has to appeal to Nepal for 40 MW electricity. This deal can be signed between the governments of Bangladesh and Nepal on October 4, but along with Bangladesh and Nepal, India is also going to play an important role in the deal. According to sources, this will be a tripartite agreement. Under this, Bangladesh will import electricity from Nepal to Indian territory.
India had to pay a heavy price for this
The interim government formed after the coup in Bangladesh has taken a tough stance towards India, but the situation in the neighboring country is such that if India changes its stance, a serious economic crisis will arise. In fact, in 2017, a power supply agreement for 25 years was signed between the Bangladesh government and India's Adani Power, but till July, the Bangladesh government still owed about Rs 800 million.
Bangladesh is now demanding repayment of loan from Adani Group
Adani Group has also cut off electricity supply demanding payment of dues. However, on August 27, Gautam Adani wrote a letter to the Chief Advisor to the interim government, following which Bangladesh paid about $30 million to the Adani Group. Apart from this, the supply of 1100 MW electricity from India has been reduced to 900 MW.
Economy suffers loss due to power crisis
Bangladesh has been facing power crisis for almost 2 years, currently it is getting worse, with power cuts of 19 hours each in villages and 5 hours each in cities. This is also having a huge impact on the industries of Bangladesh. Actually, the economy of Bangladesh is largely dependent on exports, hence the closure of factories and industries due to power crisis affects the exports, which will have a direct impact on the economy of Bangladesh.