The government is moving to reassess its controversial power purchase agreement with India’s Adani Power following revelations of unusually high tariffs and unfavorable terms.

Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood disclosed the development in Parliament on Thursday while responding to a question from lawmaker Shahjahan Chowdhury.

He said the government is considering two options to address the issue: seeking resolution through international arbitration or initiating direct bilateral negotiations with Adani Power to revise the agreement and reduce electricity prices.

The minister informed Parliament that a national committee was formed during the interim government to review the 2017 agreement signed with Adani Power (Jharkhand) Limite The committee, led by a retired Supreme Court judge and comprising energy experts, legal specialists, economists and chartered accountants, conducted a comprehensive analysis of the contract.

According to the committee’s findings, the electricity tariff set in the agreement; signed during the tenure of Awami League government, was significantly higher than both domestic and international market rates at the time.

The committee also sought opinions from international legal experts regarding cross-border agreements.

Quoting the committee, the minister said the deal has become a “burden” due to its high costs and restrictive conditions.

He added that the government is determined to take all necessary steps to safeguard national interests based on the committee’s recommendations.

The 25-year agreement, signed in 2017, allows Bangladesh to import electricity from Adani’s power plant in Jharkhand, India.

However, the deal has faced criticism from the outset over concerns about transparency and pricing.d.