Bangladesh pays ₹3,282 crore to Adani Power, remaining ₹4,274 crore; company resumes power supply
Bangladesh has paid $384 million (₹3,282 crore) to Adani Power in June 2025, reducing the outstanding amount due by March 2025. Bangladesh had promised to pay $437 million (₹3,735 crore) by the end of June. So far, Bangladesh has paid a total of $1.5 billion (₹12,822 crore), while $500 million (₹4,274 crore) of the total bill of $2 billion (₹17,097 crore) is still due.
Key points:
1. Payments and supply:
In November 2024, Adani Power had halved its power supply due to outstanding amounts. However, full supply resumed after monthly payments started from March 2025.
Adani Power has also announced a waiver of $20 million (₹170 crore) in interest on late payments for January-June 2025, if Bangladesh fulfills its payment commitments.
2. Bangladesh's economic situation:
Bangladesh has been facing an economic crisis due to the Russia-Ukraine war and political instability in the country.
The shortage of foreign currency has caused difficulties in importing essential goods such as electricity, coal and oil.
Despite a $4.7 billion (₹40,178 crore) bailout from the International Monetary Fund (IMF), Bangladesh has sought more financial assistance.
3. Negotiations and investigation:
Negotiations are underway over the outstanding amount due to differences in calculations related to coal prices and plant capacity.
The Bangladesh government has formed a high-level investigation committee due to the lack of transparency in contracts, including those with Adani Power.
4. Role of other Indian companies:
Companies like NTPC and PTC India also supply electricity to Bangladesh, especially in rural areas.
Maintaining the stability of these contracts is important in the context of the financial and political crisis.
Future forecast:
The terms of contracts with Adani Power and other Indian companies may be reconsidered due to the financial situation and political instability in Bangladesh. If the remaining $500 million is paid on time, the electricity supply may remain stable.
Article published | Sun | 29 Jun 2025 | 9:00 PM