Adani Power has cut its electricity supply to Bangladesh by 50%, shutting one of its Jharkhand units due to $846 million in unpaid bills and an unissued $170 million letter of credit from Bangladesh’s Power Development Board (BPDB). Previously supplying 1,016 MW, Adani now warns that the remaining 750 MW unit could also shut down by November 7 if payments aren’t cleared. This is the first supply suspension by Adani due to payment disputes under its power purchase agreement with BPDB.
BIZDATAINSIGHTS
Bizdata Insights is a Market Insights, Data Intelligence and Business Advisory Platform
Our Solutions
Menu
Newsletter
Sign up for our newsletter now by entering your e-mail address and never miss out on the latest news and updates from our team!