India: Indian conglomerate Adani has resumed full power supply to Bangladesh, four months after halving the feed due to unpaid dues. The restoration follows assurances from Bangladesh that outstanding payments would be addressed.
Adani Power supplies 1,600 MW of electricity from its coal-powered plant in Jharkhand under a 25-year agreement signed in 2017. The company had reduced supply on October 31 after Bangladesh, struggling with an economic crisis, failed to clear overdue payments.
Rezaul Karim, chairman of the Bangladesh Power Development Board (BPDB), confirmed that payments to Adani are now being made regularly. Reports indicate that outstanding dues, which had exceeded $850 million, have now dropped to $800 million and are expected to be cleared within six months.
The supply restoration is expected to ease pressure on Bangladesh’s national grid ahead of peak summer demand, reducing the risk of blackouts. However, the power deal has been under scrutiny since the ousting of former Prime Minister Sheikh Hasina in August 2024.
The interim government, led by Nobel laureate Muhammad Yunus, has launched a review of major energy contracts, including the Adani deal. Officials claim the agreement is costlier than similar deals and accuse Adani of breaching terms related to tax benefits—allegations the company denies.
TOP PICKS | Powerful 7.7-magnitude earthquake strikes Myanmar; shakes Bangkok, Thailand
