Amid the power crisis, the Bangladesh government has started paying Adani Power's dues.

Amid the power crisis in Bangladesh, the government there has started paying the dues to Adani Power. After the change of power, Gautam Adani wrote a letter to the government advisor Mohammad Yunus asking him to intervene in paying the dues of Adani Power. Responding to the letter, the Electricity Department of Bangladesh has said that they have started paying Adani Power its dues and also said that soon they will make the full payment to Adani Power.

The Bangladesh Power Development Board (PDB) paid $29.5 million to Adani Power between August 8 and September 11, when the interim government was sworn in. Adani wrote to the chief adviser on August 27, seeking his intervention to clear the payment of nearly $800 million in dues for power generated at Adani’s 1,496-megawatt Godda power plant in Jharkhand.

Full payment not yet made.

According to Bangladeshi news The Daily Star, the electricity department has written in its reply that only a small part of the outstanding amount has been paid as it is not possible to pay the entire amount at once due to the decline in foreign exchange reserves. They also said that due to the steps taken by the interim government, this problem is gradually reducing.

It is written in the reply letter that about $ 60 million has been paid to Adani Power after the interim government came to power. It is also said that PDP has been making payments from time to time, but there has been a delay in it since June 2024 due to foreign exchange-related problems.

There was a deal to provide electricity for 25 years.

100% of the electricity produced by Adani Power's Godda power plant is exported to Bangladesh. This is the only power plant in the country whose entire output goes abroad. The monthly bill for the electricity from this plant comes to between $90 million and $100 million.

A power purchase agreement for 25 years was signed between Sheikh Hasina's Bangladesh government and Adani Power in November 2017. This plant fulfills 10% of Bangladesh's electricity needs.