Adani Power said on Monday it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal.

Bangladesh wants to renegotiate its power purchase deal with Adani Group if the agreement isn’t canceled by a court, Reuters reported, citing the head of its power ministry.

Bangladesh is planning to renegotiate lower power prices from the Adani Group as it tries to reduce its subsidising expenditure for the electricity

Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled Adani Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal,