DHAKA: Indian conglomerate Adani has slashed cross-border electricity supply to Bangladesh by half due to some $850 million in unpaid bills, power off...
: Indian conglomerate Adani has slashed cross-border electricity supply to Bangladesh by half due to some $850 million in unpaid bills, power officials said Sunday, with Dhaka scrambling to boost production to stem blackouts.
Adani’s coal-fired Godda plant in India’s Jharkhand state -- a $2 billion project including transmission lines that opened last year -- usually supplies between seven to 10 percent of Bangladesh’s baseload power demand of 13 GW. At the time, Adani called it an “unsustainable situation, where we are meeting not only our supply commitments but also those to our lenders and suppliers, despite rising receivables”.Bangladesh, a nation of some 170 million people, is struggling to find dollars to make the payments.
“We are discussing the issue with them , and informed them that it is not possible to make the total payment in a single month,“ Karim added. “But we are trying to increase the payment size gradually”.
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