Bangladesh’s Summit reviewing cross-border power deals after India rule change

Bangladesh’s Summit Group is reviewing preliminary deals to import renewable power from India after New Delhi changed rules to allow generators to sell locally instead of exporting exclusively. Summit plans to renegotiate the deals due to higher risks and uncertainties, as well as the new Bangladeshi government’s decision to suspend a law allowing non-tendered power supply contracts. The company is exploring options like delaying investments until there is more policy clarity. Reuters