August 10, 2020 Read More →

Adani exporting power from coal-fired plant to Bangladesh instead of renewables

The Daily Star:

Speakers from Bangladesh, India and Australia at a virtual seminar today opined that Indian corporation Adani Power is using Bangladesh to maximise their profit by planning to export high-cost coal power when they can actually export much cheaper renewable energy instead.

The virtual seminar titled ‒ Adani Godda Coal Power Plant ‒ was co-organised by Bangladesh Working Group on External Debt (BWGED), All India Progressive Women’s Association (AIPWA), Indian Social Action Forum (INSAF), Growthwatch, Environics Trust, Mines Minerals and People (MM&p) from India, according to a press release issued by Hasan Mehedi, Member Secretary of BWGED

Tim Buckley, director of Energy Finance Studies of the US-based think tank Institute for Energy Economics and Financial Analysis (IEEFA), said, “Adani power is the largest producer of renewable energy in India, which is now the cheapest among all other power generating sources of the country. They even acknowledged that the solar energy price will drop 99 percent in the next four decades.”

“If Bangladesh really needs electricity from Adani, they should ask for cheap renewable energy instead. Otherwise, people in Bangladesh have to pay for electricity from Adani Godda coal power plant at a much higher price,” Tim Buckley added. 

[Star Online Report]

More: Indian plant exporting costly coal power to Bangladesh and not cheap renewable energy

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