Bangladesh clears major portion of Adani Power dues with $384 million payment
THE JHARKHAND STORY DESK New Delhi, June 28: Bangladesh has paid USD 384 million to Adani Power in June, significantly reducing…
THE JHARKHAND STORY DESK
New Delhi, June 28: Bangladesh has paid USD 384 million to Adani Power in June, significantly reducing its outstanding dues under a 2017 power supply agreement.
The payment, which covers “admitted” bills up to March 31, brings total repayments to nearly USD 1.5 billion out of the USD 2 billion billed so far, sources said.
Adani’s “claimed” dues now stand at around USD 500 million, assuming the remaining June commitment is fulfilled.
The Indian firm had slashed electricity supply by half in November 2024 due to payment defaults, but restored full 1,600 MW delivery from its Godda plant in March 2025 once regular payments resumed.
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Bangladesh’s financial struggles, worsened by post-Ukraine war import costs and domestic unrest that led to the ouster of Prime Minister Sheikh Hasina in August 2024, had severely disrupted payments.
The interim government under Nobel laureate Muhammad Yunus is now reviewing the Adani deal, calling for an expert panel to reassess its terms.
Adani has reportedly offered to waive a USD 20 million late payment surcharge for the January–June period if Bangladesh stays on track with repayments. Talks are ongoing to resolve differences over coal costs and plant capacity figures, which have caused disputes between “claimed” and “admitted” dues.
The Godda power deal, along with others signed under the Hasina regime, has come under scrutiny. Other Indian suppliers like NTPC and PTC India also export power to Bangladesh under similar arrangements.
