Bangladesh Hires UK Law Firm for Adani Coal Pricing Dispute

• Bangladesh's Power Development Board (BPDB) appointed London-based law firm 3VP to represent it in mediation with Adani Power Limited.
• The dispute, concerning coal pricing and power tariffs, is being arbitrated at the Singapore International Arbitration Centre (SIAC).
• Adani Power initiated arbitration last year, claiming approximately USD 485 million in unpaid dues from Bangladesh.
• Bangladesh alleges Adani charges excessively high coal prices, inflating electricity costs, and seeks to renegotiate the deal.
• A national review committee found evidence of potential corruption in the Adani deal, which has been shared with the Anti-Corruption Commission (ACC).

Why It Matters: Bangladesh has engaged a UK law firm to challenge Adani Power's coal pricing and alleged corruption.