Bangladesh’s High Court ordered the formation of a high-level enquiry committee comprising international energy and law experts to reevaluate all electricity-related agreements with the Adani group, The Business Standard, a local news portal, reported on Tuesday, November 19.

The bench of Justices Farah Mahbub and Debasish Roy Chowdhury has reportedly ordered the cabinet secretary to form the committee within a month and submit the report to the court in the next two months. 

Adani Power shares closed 0.47 per cent lower at ₹524.10 on Tuesday’, compared to ₹526.60 at the previous market close. 

The court, while hearing a petition, asked why instructions should not be given to cancel the uneven agreements made with the Adani group. It also asked for the documents related to the signing of the deal within a month.

Barrister M Abdul Qayyum, representing the petitioner, filed the writ in the High Court asking for the cancellation of all electricity deals with Adani group. Adani signed the 25-year power purchase agreement in 2017; at that time, no imported coal-based power plants were operational in Bangladesh, as per the report.

Adani’s Bangladesh power supply

Adani group’s Bangladesh power is supplied from Jharkhand’s 1,600 MW power plant. The cost of power is $0.1008 per unit or Tk12 per unit, a Bangladesh Power Development Board official was quoted as saying in the report.

This rate is 27 per cent higher than the rate of India’s other private producers and as much as 63 per cent more than the Indian state-owned plants. 

After Adani Power cut the Bangladesh power supply by half over the unpaid dues, the company also set a deadline of November 7 to switch off the flow of electricity if there was no clarity on the settlement of the outstanding amount.

Bangladesh reportedly owes Adani almost $850 million. Adani group later clarified that it had not demanded the full payment in seven days, as per the report.

Shortage of Power

Bangladesh continues to face a shortage of electricity, increasing the risk of blackouts, even after making a partial payment to Adani group, according to a Bloomberg report on Tuesday. 

Adani Power has received a letter of credit for $170 million, easing pressures from lenders, reported the agency, citing two people aware of the development. The partial payment doesn’t resolve the crisis, but the company won’t halt supplies for now, pending talks with the lenders of the Godda thermal plant in Jharkhand, the officials said. 

“Payments should have been made by this time,” Ahsan H Mansur, governor of Bangladesh Bank, said in a phone interview on Friday as per the report. The central bank “issued an instruction for the payment”, Mansur had said earlier this week.

The Adani electric supply accounts for nearly 10 per cent of Bengladesh’s total supply. The power company reduced its supply further to 500 megawatts on Thursday after cutting it to 700 megawatts earlier, as per the data collected from Power Grid Bangladesh cited in the news report.

Mumbai: The voting for the 2024 Maharashtra assembly elections concluded on Wednesday, with the state recording 65.02 per cent voter turnout across 36 districts. In the Mumbai City district, all eyes are on the high-profile Mahim and Worli constituencyes, from where the political dynasty of Maharashtra, Amit Thackeray and Aaditya Thackeray contested.

As per the Election Commission data, in Mumbai City district, Mahim constituency has recorded the highest turnout with 58 per cent, followed by Wadala constituency with 57.37 per cent. Worli constituency recorded 52.78 per cent voter turnout, while Malabar Hill recorded 52.53 per cent. Following the tradition, the Colaba constituency stood at the bottom of the list for voter turnout, with mere 44.49 per cent voting percentage.

However, it needs to be noted that the voter turnout for Mumbai City is higher in 2024 compared to 2019 assembly polls. In 2019, Mumbai City had recorded 48.26 per cent voter turnout. In 2019, Mahim had recorded 52.71 per cent, Worli had recorded 48.09 per cent, while Colaba has recorded mere 40.13 per cent.

In 2024 Maharashtra assembly elections, Mumbai City has recorded a total of 52.07 per cent voter turnout and Mumbai Suburbs recorded 55.76 per cent. Mumbai City district has 10 assembly constituencies and Mumbai Suburbs has 26.

In Mumbai Suburbs, Bhandup West has recorded the highest voter turnout with 61.12 per cent, followed by Borivali and Mulund with 60.5 per cent. In the suburbs, Mankhurd-Shivaji Nagar constituency has recorded the lowest voter turnout with 52 per cent.

The voting for all 288 assemblies in Maharashtra was concluded on Wednesday evening. The results will be declared on Saturday, November 23.

Mumbai: The 2024 Maharashtra Assembly elections have captured the nation’s attention, with exit polls projecting a potential victory for the ruling BJP-led Mahayuti alliance. If these predictions hold, the implications could ripple far beyond the state, reshaping political alliances and strategies.

Of the nine exit polls released after Wednesday’s polling, six forecast a clear majority for the Mahayuti, while two favor the opposition Maha Vikas Aghadi (MVA). The remaining survey predicts a hung assembly, adding intrigue to an already charged political atmosphere.

Exit Polls

Surveys conducted by Poll Diary, Chanakya Strategies, Matriz, People Pulse, P-Marg, and CNX indicate that the Mahayuti will secure a comfortable majority, with seat projections ranging from 122 10 195. In contrast, SAS Group and Electoral Age give the edge to the MVA, projecting between 147 and 155 seats. Lok Shahi Marathi-Rudra stands apart, suggesting a hung assembly with both alliances within striking distance of forming the government. Poll Diary predicts the Mahayuti winning between 122 and 180 seats, with BJP emerging as the single largest party with 77-108 seats.

Chief Minister Eknath Shinde’s Shiv Sena faction is expected to secure 27-50 seats, while Deputy Chief Minister Ajit Pawar’s NCP faction might claim 18-28. On the other hand, the MVA could win 69-121 seats, with Congress (28-47), Shiv Sena (UBT) (16-35), and Sharad Pawar’s NCP (25-39) splitting the tally. Chanakya Strategies suggests the BJP crossing 90 seats, while Shinde’s Sena and Pawar’s NCP faction may win 48 and 22 seats, respectively. The MVA’s Congress faction could secure 63 seats, Thack- erays Sena 35, and Pawar’s NCP around 40.

The CNX survey provides one of the highest estimates for Mahayuti, predicting 160–179 seats against the MVA’s 110–119. Conversely, the SAS Group and Electoral Age buck the trend, forecasting an MVA majority, with Congress as the dominant party in its fold. The Maharashtra elections have been characterized by shifting political allegiances and a highly polarized campaign.

Impact Of Splits

Splits in both the Shiv Sena and the NCP have significantly influenced the electoral landscape, with the BJP deftly maneuvering to capitalize on these divisions. Ajit Pawar’s defection from Sharad Pawar’s NCP has bolstered the Mahayuti’s urban and semi-urban appeal, while Eknath Shinde’s leadership has sought to consolidate rural and middle-class votes. The BJP’s campaign has centered on economic stability and infrastructure development, positioning itself as a harbinger of continuity and growth. On the other hand, the MVA, comprising the Congress, Shiv Sena (UBT), and Sharad Pawar’s NCP faction, has tried to portray itself as a viable alternative, focusing on farmer distress, unemployment, and regional disparities. However, internal fractures and an inability to present a united front have undermined its appeal in crucial swing regions.

The 58.43% voter turnout, slightly lower than previous polls, indicates heightened interest in rural constituencies, traditionally seen as swing zones. The areas often determine the final outcome, and Mahayuti’s robust rural outreach could prove decisive. Exit polls suggest urban areas, particularly Mumbai and Pune, have leaned towards the BJP-led alliance, reflecting its resonance with middle-class and youth voters. However, the MVA has found support in agrarian districts, where anti-incumbency and dissatisfaction with government schemes are palpable. A decisive victory for the Mahayuti would bolster the BJP’s momentum ahead of the general elections, reaffirming its dominance in India’s political heartland.

A Key Battleground

Maharashtra, with its 48 parliamentary seats, is a key battleground for any national coalition, and a BJP-led sweep in the assembly could significantly influence Lok Sabha dynamics. Moreover, a Mahayuti win could further marginalize opposition parties like Congress and the NCP, which are already struggling to remain cohesive. It would also validate the BJP’s strategy of co-opting regional leaders like Ajit Pawar and Shinde, signaling a shift in how regional coalitions are formed and sustained. For the MVA, a strong performance could reinvigorate its standing as a formidable opposition bloc. It would demonstrate that voter dissatisfaction with the BJP’s policies can translate into tangible electoral gains, energizing anti-BJP forces across India.

All Eyes On The Final Tally

As counting day approaches on November 23, all eyes will be on the final tally. If the Mahayuti secures a decisive majority, it will not only cement the BJP’s position in Maharashtra but also reshape the national political landscape. Conversely, a surprise victory for the MVA or a hung assembly could pave the way for post-poll alliances, injecting further uncertainty into the political narrative. Ultimately, the Maharashtra elections have underscored the dynamic interplay of local and national politics, offering a preview of the strategies and alliances that will define India’s electoral future.