Bangladesh Settles $437 Million Dues, Restores Full Power Supply from Adani’s Godda Plant – EQ
In Short : Bangladesh has cleared $437 million in outstanding dues to Adani Power, covering electricity supplied up to March 31, including late fees. The settlement ensures future payments through a two-month letter of credit and a sovereign guarantee. With financial terms normalized, Adani has resumed full power supply from its 800 MW Godda plant, meeting nearly 10% of Bangladesh’s electricity demand.
In Detail : Bangladesh has cleared outstanding dues amounting to $437 million owed to Adani Power, marking a significant financial settlement between the two parties. The payment covers electricity supplied up to March 31 and includes accumulated late fees. This resolution follows prolonged delays and concerns over payment security.
The settlement includes a revised payment structure, featuring a two-month letter of credit and a sovereign guarantee from the Bangladeshi government. These financial safeguards are expected to ensure timely payments going forward, providing greater confidence to Adani Power and other cross-border energy suppliers.
Following the clearance of dues, Adani Power has resumed full electricity supply from its 1,600 MW Godda power plant in Jharkhand. Both 800 MW units are now operational and delivering electricity to Bangladesh under a long-term power purchase agreement signed between the two countries.
The Godda plant, part of a strategic energy cooperation effort, now supplies nearly 10% of Bangladesh’s electricity needs. Its operation plays a key role in stabilizing power availability in the country, particularly during peak demand seasons.
This financial resolution is being seen as a positive signal for future investment in regional energy infrastructure. It not only restores Adani’s cash flow but also opens the door for potential upgrades to its credit rating, which had come under pressure due to delayed payments.
The regularization of financial terms between Adani Power and Bangladesh strengthens cross-border energy trade and sets a precedent for transparent and secure transactions. It reinforces confidence among Indian power producers engaging in overseas energy supply arrangements.
