Godda, in the Indian state of Jharkhand, is surrounded by the country’s most productive coalmines. It will soon also be home to the Adani group’s latest coal-fired power station, a plant built for the sole purpose of sending energy across the border to Bangladesh.
Adani has framed its planned 1,600-megawatt Godda power plant as a humanitarian venture. In a statement to Guardian Australia, the company said it had acted “in the large interests of our neighbours, the people of Bangladesh” by inking the deal.
But market analysts say the supply agreement is anything but benevolent. The tariffs quoted by the Bangladesh Power Development Board are about double the current cost of solar and wind power in India. Read More