Bangladesh promises over Rs 1,450 crore to Adani for continuous power supply
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“This is the third LC that the Bangladesh Power Development Board (BPDB) has provided Adani Power. Bangladesh’s Krishi Bank has given the LC and ICICI Bank is its counterpart in India. The earlier LCs were not in line with the power purchase agreement,” said an official aware of the development.
Adani Power supplies nearly 1,600 MW power to Bangladesh from its coal-fired plant in Godda, Jharkhand. It has two units of nearly 800 MW each.
“Adani Power has additionally demanded a payment of $15-20 million from BPDB failing which the company will not restart the first unit of 800 MW which it shut down last week,” said an official aware of the development.
Adani Power did not respond to an email query.
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