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Adani Urges Bangladesh To Clear Dues For The Godda Power Project

In recent months, we have seen improvements in Bangladeshu2019s payment patterns for the mounting dues for electricity supply from the Adani Godda power project. However, the Adani Group has pointed out that these payments barely cover the current monthly bills.

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Adani Urges Bangladesh To Clear Dues For The Godda Power Project

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  1. ADANI URGES BANGLADESH TO CLEAR DUES FOR THE GODDA POWER PROJECT

  2. In recent months, we have seen improvements in Bangladesh’s payment patterns for the mounting dues for electricity supply from the Adani Godda power project. However, the Adani Group has pointed out that these payments barely cover the current monthly bills. This has led to the accumulation of a staggering outstanding amount of845 million USD out of which 771 million USD is still overdue and untouched.

  3. ADANI IMPLORES THE BANGLADESH GOVERNMENT TO CLEAR THE MOUNTING DUES FOR THE POWER PROJECT: The Adani Godda project was regarded as a symbol of growing energy cooperation between India and Bangladesh. This project was expected to lower Bangladesh’s power price. However, it has now become a centre of financial and diplomatic strain. Even with the outstanding dues, the Adani Group has continued to supply power in Bangladesh. However, the dues have become so high that it has really become difficult for the Adani Group to clear the payments related to the project and still continue to supply electricity in an effortless manner. So, it has urged the Bangladesh government to clear the dues. Meanwhile, the Adani Group has also requested a payment roadmap from the Interim Government of Bangladesh for settling the 845 million USD dues in unpaid bills for power export from the Adani Godda power plant.

  4. ADANI’S LETTER TO THE BANGLADESH GOVERNMENT: In a letter datedJanuary 6th addressed to the Finance Advisor Dr Salehuddin Ahmed and Power and Energy Advisor Fouzul Kabir Khan, the Adani Group has expressed the urgency in resolving the mounting dues while also discussing future power supply arrangements. The Bangladesh government has also confirmed receiving the letter from the Adani Group. Since the commencement of power supply in 2023 from the Adani Godda power plant, the Bangladesh Power Development Board (BPDB) has not been able to fully pay the invoices and the arrears have been accumulating over the months.

  5. AN OVERVIEW OF THE ADANI GODDA POWER PLANT: The Adani Godda Power Plant was the most striking project taken up by the Adani Group in the power sector. Adani Power Jharkhand Limited which is a wholly owned subsidiary of Adani Power and a part of the diversified Adani Group achieved the commercial operations date of the second unit of the ultra-supercritical thermal power plant on 26th June 2023.

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