Adani Power Faces $800 Million Dues from Bangladesh

Adani Power Ltd, led by billionaire Gautam Adani, is owed approximately $800 million by Bangladesh for electricity supplied from its coal-fired plant in Godda, Jharkhand. This financial strain comes amid significant political turmoil in Bangladesh, where violent protests have resulted in hundreds of deaths and the ousting of the previous administration. Bangladesh Bank's new Governor, Ahsan H. Mansur, emphasized that failure to settle these dues could lead to a cessation of electricity supply, although Adani Power currently does not plan to cut off services. The company is engaged in discussions with Bangladesh's interim government to address the payment issue, highlighting the geopolitical risks associated with Adani's expansion in neighboring countries. The situation raises concerns regarding the stability of international power projects, particularly amidst Bangladesh's ongoing crisis. Other Indian firms, including NTPC and PTC India, also supply electricity to Bangladesh, although their dues status remains unclear.