Indian Power Firms Owed Over $1 Billion by Bangladesh

Five Indian power companies supplying electricity to Bangladesh are owed over $1 billion, with Adani Power alone accounting for approximately $800 million due to its 1.6 GW coal-fired plant in Godda, Jharkhand. Despite ongoing political unrest in Bangladesh, which has recently led to the Prime Minister's flight to India, these companies continue to supply power, highlighting the strong relations between the two nations. However, industry executives warn that this situation is unsustainable, as companies must answer to their stakeholders. SEIL Energy India is owed around $150 million, NTPC is owed nearly $80 million, and PTC India reports $79 million still outstanding after receiving some payments. Power Grid Corporation of India is owed $20 million. The financial strain is exacerbated by the need for upfront payments to cover operational costs, including coal purchases, as the companies face increasing pressure to secure their financial stability.