亚博体育官网首页

Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption
POWER & RENEWABLE ENERGY

Bangladesh Speeds Up Payment to Adani Power Following Supply Disruption

Bangladesh is working to expedite the payment of over $800 million owed to Adani Power ahead of a November 7 deadline set by the Indian company, according to two senior government officials. Adani Power, which supplies electricity to Dhaka from its 1,600 MW Godda plant in Jharkhand, imposed the deadline due to difficulties in securing coal imports essential for its power generation, as per three sources familiar with the matter.

The power company, owned by billionaire Gautam Adani, has reduced its power exports to Bangladesh from approximately 1,400 MW to 700-800 MW this month, a senior official from the Bangladesh Power Development Board told Reuters.

While Adani Power did not comment on the payment deadline, Bangladesh has been facing financial strain due to high fuel and goods import costs since Russia's invasion of Ukraine in 2022. Additionally, the political instability following the ouster of former Prime Minister Sheikh Hasina in August has worsened the situation. Muhammad Fouzul Kabir Khan, the power and energy advisor in Bangladesh鈥檚 interim government, informed Reuters that Bangladesh had cleared $96 million last month and recently opened a letter of credit for another $170 million.

Earlier, sources indicated that Bangladesh was re-evaluating its contract with Adani Power, as the company was reportedly charging nearly 27 per cent more than other Indian private power producers. In a recent quarterly earnings conference call, Adani Power's Chief Financial Officer Dilip Kumar Jha stated that there were no issues with power supply to Bangladesh.

Bangladesh is working to expedite the payment of over $800 million owed to Adani Power ahead of a November 7 deadline set by the Indian company, according to two senior government officials. Adani Power, which supplies electricity to Dhaka from its 1,600 MW Godda plant in Jharkhand, imposed the deadline due to difficulties in securing coal imports essential for its power generation, as per three sources familiar with the matter. The power company, owned by billionaire Gautam Adani, has reduced its power exports to Bangladesh from approximately 1,400 MW to 700-800 MW this month, a senior official from the Bangladesh Power Development Board told Reuters. While Adani Power did not comment on the payment deadline, Bangladesh has been facing financial strain due to high fuel and goods import costs since Russia's invasion of Ukraine in 2022. Additionally, the political instability following the ouster of former Prime Minister Sheikh Hasina in August has worsened the situation. Muhammad Fouzul Kabir Khan, the power and energy advisor in Bangladesh鈥檚 interim government, informed Reuters that Bangladesh had cleared $96 million last month and recently opened a letter of credit for another $170 million. Earlier, sources indicated that Bangladesh was re-evaluating its contract with Adani Power, as the company was reportedly charging nearly 27 per cent more than other Indian private power producers. In a recent quarterly earnings conference call, Adani Power's Chief Financial Officer Dilip Kumar Jha stated that there were no issues with power supply to Bangladesh.

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement