CosmicTaco

Adani Power Halves Supply to Bangladesh Over Unpaid Bills

CosmicTaco · 2024-11-02T12:01:52.976978+05:30

- Adani Power Jharkhand Limited (APJL) has reduced its power supply to Bangladesh by half due to unpaid bills totaling USD 846 million. - The power shortfall in Bangladesh exceeded 1,600 megawatts (MW) overnight as the 1,496 MW plant now operates at 700 MW from a single unit. - Adani Power had previously requested payment of outstanding dues by October 30, warning of supply suspension by October 31 under the Power Purchase Agreement (PPA). - The Bangladesh Power Development Board (PDB) has been unable to meet the increased charges, leading to growing unpaid dues. - Gautam Adani has written to Bangladesh's interim government, led by Nobel Laureate Professor Muhammad Yunus, to address the outstanding payments. Source: [Hindustan Times](https://www.hindustantimes.com/business/adani-power-cuts-electricity-supply-to-bangladesh-over-unpaid-bills-report-101730512591982.html), [Mint](https://www.livemint.com/companies/news/adani-power-stops-bangladeshs-power-supply-due-to-846-million-pending-dues-report-11730481909389.html)

Adani Power Jharkhand Limited (APJL) has reduced its power supply to Bangladesh by half due to unpaid bills totaling USD 846 million.
The power shortfall in Bangladesh exceeded 1,600 megawatts (MW) overnight as the 1,496 MW plant now operates at 700 MW from a single unit.
Adani Power had previously requested payment of outstanding dues by October 30, warning of supply suspension by October 31 under the Power Purchase Agreement (PPA).
The Bangladesh Power Development Board (PDB) has been unable to meet the increased charges, leading to growing unpaid dues.
Gautam Adani has written to Bangladesh's interim government, led by Nobel Laureate Professor Muhammad Yunus, to address the outstanding payments.

Source: Hindustan Times, Mint