Bangladesh halves power import from Adani amid dispute over payment

, December 2 Bangladesh has halved imports from Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars. Adani halved supply to Bangladesh on October 31 over...

Reuters

Dhaka, Updated At : 07:27 AM Dec 03, 2024 IST

Photo for representational purpose only. File photo

, December 2

Bangladesh has halved imports from Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.

Adani halved supply to Bangladesh on October 31 over payment delays. Subsequently, Bangladesh told Adani to keep supplying only half the power for now. Md Rezaul Karim, chairperson of Bangladesh Power Development Board (BPDB) said, “Winter demand is now down, so we have told them there is no need to run both units of the plant." He added Bangladesh owed Adani about $650 million and paid about $85 million last month and $97 million in October. An Adani Power source, on condition of anonymity, said the dues had jumped to about $900 million.

Bangladesh wants to lower prices under the deal unless it is cancelled by a court, which has called for an investigation into it.

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