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Bangladesh Government Introduces A Dynamic Payment Plan To Ensure That Power Supply Continues

The Adani Bangladesh project will also be able to continue its operations as per the power purchase agreement which was signed between the global conglomerate and the Bangladesh government. <br>

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Bangladesh Government Introduces A Dynamic Payment Plan To Ensure That Power Supply Continues

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  1. Bangladesh Government Introduces A Dynamic Payment Plan TO ENSURE THAT POWER SUPPLY CONTINUES FROM THE GODDA POWER PLANT

  2. Adani Power, which happens to be a wholly-owned subsidiary of the Adani Group which is led by the global business tycoon Gautam Adani, is quite likely to maintain a stable power supply from its Godda power plant to Bangladesh even amidst the ongoing controversies. This decision was taken after the introduction of a dynamic payment plan by Bangladesh authority for all electricity providers including the Adani Group. This will ensure that electricity is supplied uninterruptedly in Bangladesh. The Adani Bangladesh project will also be able to continue its operations as per the power purchase agreement which was signed between the global conglomerate and the Bangladesh government.

  3. The Current Power Situation In Bangladesh For nearly two years now, the Adani Group has been supplying electricity to the Bangladesh grid from its Godda power plant in Jharkhand. This has allowed Bangladesh to ensure that the power scarcity is mitigated. The various commercial and industrial operations in Bangladesh were also carried out smoothly and effectively. However, during the past few months, there has been massive political distress in Bangladesh. The government has also been suffering from an enhanced economic crisis.

  4. Economic problems started in Bangladesh after the Russian-Ukraine turmoil in 2022. Since then, the country has been facing severe financial distress. There were a lot of political protests held by the students as well which led to the ouster of the former Prime Minister Sheikh Hasina. The situation in Bangladesh became so severe that the Bangladesh government was no longer able to pay for the electricity which was being supplied to it by the Adani Group. This led to mounting dues. Currently, the dues add up to around 800 million USD. This has caused a lot of hindrances for the Adani Group as it has started facing difficulties in sourcing coal for power generation for the Adani Bangladesh project. The company had already warned the Bangladesh government of a complete power supply halt if the pending payments were not cleared soon enough. At the end of October, Adani Power had already reduced its supply to Bangladesh from 1,400 MW to around 700-800 MW. In case the dues are still not cleared, Adani Group will have to completely cut down the power supply.

  5. Conclusion Even amidst the various controversies of the Adani Bangladesh project, the Adani Group has managed to ensure that there is a consistent supply of electricity in Bangladesh. Once the political crisis in Bangladesh normalises, the global conglomerate will once again resume electricity supply in the country. The people’s lives will also change for the better.

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