Bangladesh halves power buying from Adani amid payment dispute
The Hindu
Bangladesh reduces power purchase from Adani due to lower winter demand and payment disputes, facing mounting dues.
Bangladesh has halved the power it buys from Adani Power, citing lower winter demand, government officials told Reuters on Monday (December 2, 2024), amid disagreements over dues running into hundreds of millions of dollars.
Adani, whose founder has been accused by U.S. authorities of being involved in a bribery scheme in India, charges which he has denied, halved supply to Bangladesh on Oct. 31 over payment delays as the country battles a foreign exchange shortage.
Subsequently Bangladesh told Adani to keep supplying only half the power for now, officials said, although it will keep paying its old dues.
"We were shocked and angry when they cut our supply," said Md. Rezaul Karim, chairperson of the state-run Bangladesh Power Development Board (BPDB). "Winter demand is now down, so we have told them there is no need to run both units of the plant."
Adani has been supplying power under a 25-year contract signed in 2017 under ousted Prime Minister Sheikh Hasina, from a $2-billion power plant in Jharkhand that has two units, each with capacity of about 800 megawatts.
A document seen by Reuters showed the plant ran at only 41.82% capacity in November, the lowest this year, with one unit shut since Nov. 1.
Two BPDB sources said Bangladesh had bought about 1,000 MW a month from Adani last winter, adding that Adani had asked the board when it would resume normal purchases, but had not received a definitive answer.
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Bangladesh reduces power purchase from Adani due to lower winter demand and payment disputes, facing mounting dues.
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