Bangladesh’s Summit Group to renegotiate renewable power deals with India

Summit Group of Bangladesh plans to renegotiate deals to import renewable power from India following a recent policy change by New Delhi. The new rule allows power generators that previously exported all their electricity to sell locally. This change has prompted Summit to reconsider its investments, as Indian partners may now prefer selling power within India. Summit had signed preliminary deals with Indian firms, including Tata Power Renewable Energy Ltd, to develop 1,000 MW of…