Adani commences full-scale power supply to Bangladesh

Adani Power Resumes Full-Capacity Electricity Supply to Bangladesh

• Adani Power, owned by Indian billionaire Gautam Adani, has begun supplying electricity to Bangladesh at full capacity.

• The company is delivering the entire 1,600 MW output from the Godda Power Plant in Jharkhand, India.

• This move follows Bangladesh's commitment to making regular payments for electricity.

• According to Bloomberg, power supply was reduced by half last year due to unpaid bills, but full capacity was restored after four months.

• Bangladesh Power Development Board (BPDB) Chairman Rezaul Karim confirmed regular payments to Adani, though specific amounts were not disclosed.

• BPDB data indicates that Adani increased power supply over two weeks ago.

• Amid an economic crisis and foreign exchange shortage, Bangladesh previously struggled to meet its electricity payment obligations.

• Adani Power cut supply in November 2023 due to unpaid dues, which once exceeded $850 million but now stand at $800 million.

• Bangladesh has pledged to clear the remaining dues within six months.

• The restoration of full power supply is expected to help mitigate load shedding during Bangladesh’s peak summer season, where temperatures average around 38°C.

• BPDB has also provided guarantees to ease concerns of Adani’s lenders and address working capital challenges.