The interim government of Bangladesh led by Muhammad Yunus has requested Adani Power to resume ‘full supply’ from its plant in Jharkhand.
According to a report by Reuters, the development comes 3 months after Adani Power reduced its supply by half due to payment disputes.
The Indian conglomerate runs a 1600-megawatt plant (2 units of 800-megawatt capacity) in Jharkhand and supplies power exclusively to Bangladesh as per a contract signed with former Prime Minister Sheikh Hasina in 2017.
Adani Power shut down one unit of its $2 billion plant on 1st November last year. Bangladesh Power Development Board (BPDB) has requested the Indian conglomerate to restore a ‘full supply’ of power, adding that it is paying $85 million a month to clear pending dues.
BPDB Chairman Mohammed Rezaul Karim said that Adani Power couldn’t synchronise the 2nd unit of its plant on Monday (10th February).”We are trying to pay more, and our intention is to reduce the overdue. Now there is no big issue with Adani,” he added.
In December last year, a payment dispute arose when an Adani Power official said that BPDB owed it $900 million while the latter’s Chairman alleged that it only owed $ 650 million to the Indian conglomerate. The dispute is over the calculation of power tariffs.
