Bangladesh Bank officials said Adani Power's largest single payment was cleared so far in June
The company said Bangladesh has paid nearly $1.2 billion of the roughly $2 billion totally billed to the country.
Ahead of summer demand and on BPDB request, Adani Power has agreed to resume full supplies by next week
Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes.
India’s Adani power has asked Bangladesh Power Development Board to pay $845 million in arears by the end of June or face charges for late payment.
Bangladesh's interim govt has accused Adani Power of breaching a multi-billion-dollar agreement by withholding tax benefits
Adani Power's Godda plant accounted for about 9 percent of the country's power supply in the year before Hasina's ouster
The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Adani Power Ltd said in its latest annual report that the plant in India's Jharkhand state would provide Bangladesh uninterrupted, reliable and affordable electricity and "significantly reduce the average cost" for the end consumer.
Adani Power's Godda plant accounted for about 9 percent of the country's power supply in the year before Hasina's ouster
The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.
Adani Power Ltd said in its latest annual report that the plant in India's Jharkhand state would provide Bangladesh uninterrupted, reliable and affordable electricity and "significantly reduce the average cost" for the end consumer.
The government will accelerate the payment of the dues of Adani Power after the Indian power giant threatened to cut off electricity supply if its outstanding amount is not cleared by November 7.
It already reduced electricity supply to Bangladesh from October 31
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
Bangladesh’s power purchase from Adani Power contributed to the massive profit the Indian conglomerate made in the first nine months of the 2023-24 fiscal year.
Bangladesh has started to receive about 750 megawatts of electricity from the Adani power plant in India yesterday, putting to bed the suspense surrounding the start of the cross-border transmission.
The overall cost for transmitting electricity from the Adani power plant in Godda, Jharkhand is set to increase further as two projects meant for that end are eyeing cost and time revisions.
The Daily Star contacted Adani Group for clarifications on certain aspects of the PPA and we are publishing the emailed comment from the Adani Group headquarters in Ahmedabad in India ad verbatim.
