+
Bangladesh Pays $384 Mn to Adani, Settles Most Power Dues
POWER & RENEWABLE ENERGY

Bangladesh Pays $384 Mn to Adani, Settles Most Power Dues

Bangladesh has significantly reduced its dues to Adani Power with a $384 million payment in June 2025 under their 2017 power supply agreement. This settlement brings the total cleared amount to nearly $1.5 billion out of approximately $2 billion billed, leaving an estimated $500 million still as 'claimed' dues. The payment is part of a $437 million commitment due by the end of the month.

The power deal has come under scrutiny due to Bangladesh’s economic struggles, exacerbated by the Russia–Ukraine conflict and political instability. The ousting of Prime Minister Sheikh Hasina led to further financial challenges, causing delays in payments and prompting Adani Power to halve electricity supply in November 2024. With the resumption of monthly payments, full supply resumed in March 2025.

Adani Power has reportedly waived late payment surcharges worth about $20 million for the January–June 2025 period, conditional on Bangladesh continuing timely payments. Differences between ‘claimed’ and ‘admitted’ dues stem from ongoing negotiations over coal pricing and capacity utilisation. An Adani Power spokesperson confirmed the recent payments but did not elaborate on disputed amounts.

Bangladesh continues to face difficulty in generating enough foreign currency to fund key imports such as electricity, oil, and coal. Declining foreign reserves have triggered rural power shortages and unrest. The interim government, led by Nobel laureate Muhammad Yunus, is seeking further IMF assistance beyond the current $4.7 billion bailout and has ordered a review of existing energy agreements, including the one with Adani, citing a lack of transparency.

Other Indian firms like NTPC and PTC India also supply electricity to Bangladesh, making these deals vital for ensuring energy stability, particularly in rural regions. As the country navigates political and fiscal upheaval, these agreements will remain under close scrutiny by the interim government and global observers.

Meanwhile, Adani Power shares have rallied 13.8 per cent this week to reach Rs 605 on the BSE, supported by high trading volumes. The stock remains above key daily exponential moving averages, with its 5-day EMA at Rs 558.3, 10-day EMA at Rs 555.7, and 20-day EMA at Rs 555.0. Longer-term EMAs are also strong, including the 200-day at Rs 548.6.

The Relative Strength Index (RSI) stands at 59, signalling neutral momentum. Though the stock has declined 15.64 per cent over the past year, it has recovered well, gaining 14.5 per cent year-to-date and 9.14 per cent in the past month alone.

Bangladesh has significantly reduced its dues to Adani Power with a $384 million payment in June 2025 under their 2017 power supply agreement. This settlement brings the total cleared amount to nearly $1.5 billion out of approximately $2 billion billed, leaving an estimated $500 million still as 'claimed' dues. The payment is part of a $437 million commitment due by the end of the month.The power deal has come under scrutiny due to Bangladesh’s economic struggles, exacerbated by the Russia–Ukraine conflict and political instability. The ousting of Prime Minister Sheikh Hasina led to further financial challenges, causing delays in payments and prompting Adani Power to halve electricity supply in November 2024. With the resumption of monthly payments, full supply resumed in March 2025.Adani Power has reportedly waived late payment surcharges worth about $20 million for the January–June 2025 period, conditional on Bangladesh continuing timely payments. Differences between ‘claimed’ and ‘admitted’ dues stem from ongoing negotiations over coal pricing and capacity utilisation. An Adani Power spokesperson confirmed the recent payments but did not elaborate on disputed amounts.Bangladesh continues to face difficulty in generating enough foreign currency to fund key imports such as electricity, oil, and coal. Declining foreign reserves have triggered rural power shortages and unrest. The interim government, led by Nobel laureate Muhammad Yunus, is seeking further IMF assistance beyond the current $4.7 billion bailout and has ordered a review of existing energy agreements, including the one with Adani, citing a lack of transparency.Other Indian firms like NTPC and PTC India also supply electricity to Bangladesh, making these deals vital for ensuring energy stability, particularly in rural regions. As the country navigates political and fiscal upheaval, these agreements will remain under close scrutiny by the interim government and global observers.Meanwhile, Adani Power shares have rallied 13.8 per cent this week to reach Rs 605 on the BSE, supported by high trading volumes. The stock remains above key daily exponential moving averages, with its 5-day EMA at Rs 558.3, 10-day EMA at Rs 555.7, and 20-day EMA at Rs 555.0. Longer-term EMAs are also strong, including the 200-day at Rs 548.6.The Relative Strength Index (RSI) stands at 59, signalling neutral momentum. Though the stock has declined 15.64 per cent over the past year, it has recovered well, gaining 14.5 per cent year-to-date and 9.14 per cent in the past month alone.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?