Bangladesh seeks top international law firm for power deal review

The Nationwide Overview Committee of the Ministry of Vitality, Vitality, and Mineral Resources has known as for the hiring of a notorious worldwide devoted and investigative agency to succor in the evaluation of indispensable energy skills contracts signed between 2009 and 2024 under Sheikh Hasina’s administration.

“We recommend the speedy engagement of one or extra top-quality worldwide devoted and investigative companies to succor our committee,” the overview committee said as of late (24 November) in its decision, consistent with the Chief Adviser’s Press Hover.

The committee, headed by Justice Moyeenul Islam Chowdhury, said further time is required to extra analyse varied solicited and unsolicited contracts.

The committee moreover said they are gathering proof that can presumably perchance perchance pave the procedure for most likely renegotiations or cancellations of contracts consistent with worldwide arbitration legal pointers and procedures.

It extra added it wants to be obvious that its investigations are consistent with worldwide standards and would possibly perchance presumably perchance perchance very successfully be acceptable in worldwide negotiations and arbitration.

The committee is right this moment conducting an huge investigation into several contracts, including the Adani (Godda) BIFPCL 1234.4 MW coal-fired energy plant, Payra 1320 MW coal plant, Meghnaghat 335 MW dual-gas plant, Ashuganj 195 MW gas-primarily based fully plant, Bashkhali 612 MW coal plant, and Meghnaghat 583 MW dual-gas and 584 MW gas/RLNG vegetation.

Earlier, the Intervening time Authorities fashioned a Nationwide Overview Committee to peep contracts made under the Rapid Enhancement of Electrical energy and Vitality Provide (Special Provisions) Act, 2010 (Amended 2021).

The committee modified into tasked to analyze any allegations of corruption linked to the nation’s electricity and energy production and provide agencies.