Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption
POWER & RENEWABLE ENERGY

Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption

Bangladesh is working to expedite the payment of over $800 million owed to Adani Power ahead of a November 7 deadline set by the Indian company, according to two senior government officials. Adani Power, which supplies electricity to Dhaka from its 1,600 MW Godda plant in Jharkhand, imposed the deadline due to difficulties in securing coal imports essential for its power generation, as per three sources familiar with the matter.

The power company, owned by billionaire Gautam Adani, has reduced its power exports to Bangladesh from approximately 1,400 MW to 700-800 MW this month, a senior official from the Bangladesh Power Development Board told Reuters.

While Adani Power did not comment on the payment deadline, Bangladesh has been facing financial strain due to high fuel and goods import costs since Russia's invasion of Ukraine in 2022. Additionally, the political instability following the ouster of former Prime Minister Sheikh Hasina in August has worsened the situation. Muhammad Fouzul Kabir Khan, the power and energy advisor in Bangladesh’s interim government, informed Reuters that Bangladesh had cleared $96 million last month and recently opened a letter of credit for another $170 million.

Earlier, sources indicated that Bangladesh was re-evaluating its contract with Adani Power, as the company was reportedly charging nearly 27 per cent more than other Indian private power producers. In a recent quarterly earnings conference call, Adani Power's Chief Financial Officer Dilip Kumar Jha stated that there were no issues with power supply to Bangladesh.

Bangladesh is working to expedite the payment of over $800 million owed to Adani Power ahead of a November 7 deadline set by the Indian company, according to two senior government officials. Adani Power, which supplies electricity to Dhaka from its 1,600 MW Godda plant in Jharkhand, imposed the deadline due to difficulties in securing coal imports essential for its power generation, as per three sources familiar with the matter. The power company, owned by billionaire Gautam Adani, has reduced its power exports to Bangladesh from approximately 1,400 MW to 700-800 MW this month, a senior official from the Bangladesh Power Development Board told Reuters. While Adani Power did not comment on the payment deadline, Bangladesh has been facing financial strain due to high fuel and goods import costs since Russia's invasion of Ukraine in 2022. Additionally, the political instability following the ouster of former Prime Minister Sheikh Hasina in August has worsened the situation. Muhammad Fouzul Kabir Khan, the power and energy advisor in Bangladesh’s interim government, informed Reuters that Bangladesh had cleared $96 million last month and recently opened a letter of credit for another $170 million. Earlier, sources indicated that Bangladesh was re-evaluating its contract with Adani Power, as the company was reportedly charging nearly 27 per cent more than other Indian private power producers. In a recent quarterly earnings conference call, Adani Power's Chief Financial Officer Dilip Kumar Jha stated that there were no issues with power supply to Bangladesh.

Next Story
Infrastructure Urban

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Next Story
Infrastructure Urban

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Next Story
Infrastructure Urban

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement