4 ms·

See my comment about the Adani PPA downthread: https://news.ycombinator.com/item?id=37286639 https://news.ycombinator.com/item?id=37286639

alephnerd 3y ago
Yep! It's one example of multiple key projects in Bangladesh run by Indian corporations (a major reason why India supports Sheikh Hasina and the BAP), though to be fair it's not only Indian corporations. QatarGas and Gazprom are both the primary partners with PetroBangla, the Padma Bridge (one of Bangladesh's most critical logistics arteries) was constructed by Chinese companies using Chinese originated loans, and the expressway projects in Bangladesh are being built and managed by a major Thai construction company with close links to the Thai govt. To be fair, American companies don't really touched LDCs anymore - they get better RoI in investing within North America. Countries like Japan, South Korea, UAE, Qatar, KSA, Türkiye, China, India, Thailand, Malaysia, and Russia fill the financing gap in LDCs and Developing countries as they have more experience operating and executing in those kinds of environments.
- selimthegrim 3y ago
  The plant is in India, BD is just buying the power at above rack rate (hence the hue and cry)
  - alephnerd 3y ago
    Ah, makes sense! That said, it doesn't seem to be that big a deal then. It would be better for BD to build their own, but Jharkhand's electric grid has always been closely connected with Bangladesh, Nepal, and Bhutan because it's always been an electricity export market due to cheap coal and (before de-industrialization) a large manufacturing base. I'm going to steer clear from Al Jazeera reporting simply because there is some Gulf rivalry going on there (eg. MBZ of Abu Dhabi has a significant voting share in Adani) because Qatar got frozen out of the Indian market by the UAE and KSA.

4 ms·

See my comment about the Adani PPA downthread: https://news.ycombinator.com/item?id=37286639 https://news.ycombinator.com/item?id=37286639

by selimthegrim 3y ago

alephnerd 3y ago
Yep! It's one example of multiple key projects in Bangladesh run by Indian corporations (a major reason why India supports Sheikh Hasina and the BAP), though to be fair it's not only Indian corporations. QatarGas and Gazprom are both the primary partners with PetroBangla, the Padma Bridge (one of Bangladesh's most critical logistics arteries) was constructed by Chinese companies using Chinese originated loans, and the expressway projects in Bangladesh are being built and managed by a major Thai construction company with close links to the Thai govt. To be fair, American companies don't really touched LDCs anymore - they get better RoI in investing within North America. Countries like Japan, South Korea, UAE, Qatar, KSA, Türkiye, China, India, Thailand, Malaysia, and Russia fill the financing gap in LDCs and Developing countries as they have more experience operating and executing in those kinds of environments.
- selimthegrim 3y ago
  The plant is in India, BD is just buying the power at above rack rate (hence the hue and cry)
  - alephnerd 3y ago
    Ah, makes sense! That said, it doesn't seem to be that big a deal then. It would be better for BD to build their own, but Jharkhand's electric grid has always been closely connected with Bangladesh, Nepal, and Bhutan because it's always been an electricity export market due to cheap coal and (before de-industrialization) a large manufacturing base. I'm going to steer clear from Al Jazeera reporting simply because there is some Gulf rivalry going on there (eg. MBZ of Abu Dhabi has a significant voting share in Adani) because Qatar got frozen out of the Indian market by the UAE and KSA.