Adani halves power supply to Bangladesh as arrears remain unpaid | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 28, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 28, 2025
Adani halves power supply to Bangladesh as arrears remain unpaid

Energy

TBS Report
01 November, 2024, 08:10 pm
Last modified: 01 November, 2024, 10:07 pm

Related News

  • Four, including top criminal 'Excel Babu', arrested in Mohammadpur
  • Apparel leaders, global buyers, regulators discuss overlapping audit challenges, compliance requirements in high-level meeting
  • Govt may reduce newsprint import duty
  • Reform is more difficult in times of economic crisis: Anisuzzaman
  • Azharul’s acquittal: 5, including journo, injured in clashes between leftist students and 'anti-Shahbaghis' at RU

Adani halves power supply to Bangladesh as arrears remain unpaid

However, speaking to The Business Standard, Power Division Secretary Farzana Momtaz said the issue has been resolved

TBS Report
01 November, 2024, 08:10 pm
Last modified: 01 November, 2024, 10:07 pm
Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration taken, on 9 December 2022. Photo: Reuters
Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration taken, on 9 December 2022. Photo: Reuters

India's Adani Power Jharkhand Limited, a wholly-owned subsidiary of Adani Power, has halved its power supply to Bangladesh since Thursday night due to unpaid dues.

A review of power import data from the Power Grid Bangladesh confirmed the reduction. The 1,496MW power plant is now producing 700MW from a single unit, resulting in over 1,600MW of load shedding on Thursday night and 933MW yesterday, according to the PDB.

However, Power Division Secretary Farzana Momtaz claimed that the complexities surrounding power imports from Adani have been resolved. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We have already spoken with Adani, and the LCs have been opened. Although we are not receiving full power as per our requirements yet, there are no issues with power imports. The payment matter is also being addressed," Farzana told The Business Standard today (1 November).

Earlier, amid disputes over inflated prices and demands for overdue payments, Adani Power Jharkhand had warned through a letter that it would cut off power entirely from 31 October if outstanding payments were not cleared.

Since the interim government took office, Adani Power has been pressing for the overdue payments.

On 28 October, Adani issued the letter to the Power Development Board (PDB) urging them to arrange for payment by 30 October as promised, otherwise it would be forced to halt power supply from 31 October, in line with the purchase agreement, due to operational cash constraints.

According to PDB sources, a letter of credit was supposed to be opened under Adani's name by 30 October through the Bangladesh Krishi Bank, but this process was not completed and the PDB requested an extension. However, in response, Adani shut down one unit on Thursday.

In the letter, Adani mentioned that, as of yet, the PDB has not issued an LC worth $170.03 million from the Bangladesh Krishi Bank nor paid the outstanding $846 million.

A PDB official said while a portion of the dues was cleared previously, Adani has been charging more since July than in prior months. 

The PDB has been paying around $17-18 million weekly, but Adani's charge has risen above $22 million, leading to a further increase in outstanding bills.

The official added that the PDB had recently deposited payment to the Bangladesh Krishi Bank, but due to a dollar shortage, the bank could not open the required LC.

Currently, approximately 12% of Bangladesh's power demand is met through imports from India, according to industry insiders.

Bangladesh / Top News

Adani Power / Bangladesh / power supply

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Inflation, exchange rate shocks to intensify fiscal pressure in FY26
    Inflation, exchange rate shocks to intensify fiscal pressure in FY26
  • File photo of jamaat leader ATM Azharul Islam
    ATM Azharul Islam set free after acquittal in war crimes case
  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon

MOST VIEWED

  • Selim RF Hussain. Sketch: TBS
    BRAC Bank MD Selim RF Hussain resigns
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Depositors need not worry as govt will take over banks before merger: BB governor
  • Graphics: TBS
    Suspicious banking activities surge by 56% since July: Cenbank
  • Photo: Collected
    DU student assaulted for protesting eve-teasing at Chadni Chowk
  • Illustration: TBS
    Bangladesh sees highest-ever per capita income of $2,820 in FY25, BBS provisional data shows
  • Officials protest inside the Secretariat on Tuesday, 27 May 2025, over a government ordinance amending the Public Service Act, 2018. Photo: Rajib Dhar
    Protest at Secretariat suspended as govt assures decision on ordinance tomorrow

Related News

  • Four, including top criminal 'Excel Babu', arrested in Mohammadpur
  • Apparel leaders, global buyers, regulators discuss overlapping audit challenges, compliance requirements in high-level meeting
  • Govt may reduce newsprint import duty
  • Reform is more difficult in times of economic crisis: Anisuzzaman
  • Azharul’s acquittal: 5, including journo, injured in clashes between leftist students and 'anti-Shahbaghis' at RU

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

1d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

2d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

2d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

2d | Wheels

More Videos from TBS

How protecting Dhaka’s rivers and canals from plastic waste

How protecting Dhaka’s rivers and canals from plastic waste

26m | TBS Programs
Jamaat leader ATM Azhar released from prison after 13 years

Jamaat leader ATM Azhar released from prison after 13 years

46m | TBS Today
Trump delays 50% tariffs on EU goods

Trump delays 50% tariffs on EU goods

11h | Others
Eid may be celebrated in Bangladesh on June 7

Eid may be celebrated in Bangladesh on June 7

11h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net