Adani Power has initiated international arbitration to resolve a dispute with Bangladesh over power supply payments, reported.

"There are disagreements in the way certain cost elements are calculated and billed. Hence, both partners have agreed to invoke the dispute resolution process and are confident of a quick, smooth and mutually beneficial resolution," an Adani Group spokesperson told . Advertisement

The dispute centers around payments for electricity supplied under a 2017 agreement between Adani Power and Bangladesh Power Development Board.

Adani Power operates a 1,600 MW coal-fired plant in Godda, eastern India, which supplies nearly 10% of Bangladesh’s electricity needs.

Bangladesh’s interim government had earlier accused Adani of breaching the power purchase agreement by with

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