Bangladesh has resolved its payment dispute with India’s Adani Power, clearing overdue bills and removing uncertainty over power supply from the company’s Jharkhand-based plant. A PTI report citing New Delhi sources reveals that Bangladesh made a record single payment of $437 million in June, settling past arrears, transmission charges, and all issues related to the power purchase agreement (PPA). With the financial issues settled, the Bangladesh Power Development Board (BPDB) has formally requested Adani Power to continue supplying electricity from both units of its Jharkhand plant at the contracted rate. The power purchase deal was signed on Nov 5, 2017, with Adani’s coal-fired plant in Godda, built at a cost of around $2 billion to export power to Bangladesh since April 2023. Following this positive development, creditors are reportedly expecting a credit rating upgrade for Adani Power Limited -- possibly from "AA" to "AA+.
