Bangladesh pays $384 million to Adani Power, trims dues under power deal
Dhaka: Bangladesh has paid Adani Power USD 384 million so far in June, significantly trimming its outstanding dues under a long-term electricity supply agreement, according to a PTI report
As of June 27, the country has cleared USD 384 million of the USD 437 million committed for the month.
This covers the "admitted" dues up to March 31, the sources said, adding that the company’s total “claimed” dues would drop to approximately USD 500 million, assuming Bangladesh completes the full payment by month-end.
The 2017 power supply agreement had become contentious after Bangladesh struggled to keep up with payments, hit hard by surging import bills following the Russia-Ukraine war and worsening domestic financial strain amid political upheaval.
The mounting arrears led Adani to halve power supplies from November 2024, only resuming full delivery—around 1,600 MW—in March this year after the country resumed partial repayments.
With the latest installments, Bangladesh has paid nearly USD 1.5 billion of the roughly USD 2 billion billed amount.
Adani Power has reportedly agreed to waive late payment surcharges of about USD 20 million for January through June if Bangladesh maintains its monthly commitments, the report stated, citing sources.
Disagreements persist over coal cost adjustments and plant capacity calculations, which have created a gap between Adani’s "claimed" and Bangladesh’s "admitted" dues.
Both sides are engaged in talks to resolve these differences.
An Adani Power spokesperson confirmed the payments but declined to elaborate on the status of pending dues, citing confidentiality in ongoing discussions.
The power deal, under which Adani Power's Godda plant in Jharkhand is to supply 100% of its coal-fired electricity output to Bangladesh for 25 years, has come under fresh scrutiny after the Sheikh Hasina-led government was ousted in August 2024.
The interim administration, headed by Nobel laureate Muhammad Yunus, has initiated a review of the agreement through a high-level committee of legal and energy experts.
The current government also sought an additional USD 3 billion loan from the IMF, adding to an existing USD 4.7 billion bailout programme, as Bangladesh’s dollar reserves depleted amid prolonged student protests and economic distress.
Adani Power is among several Indian entities supplying power to Bangladesh.
Others include NTPC and PTC India Ltd—agreements now being reassessed for transparency and economic viability by the transitional government.
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