Bangladesh Clears Majority Of Adani Power Dues After Prolonged Payment Delays: Report

Bangladesh has paid $384 million to Adani Power in June, significantly reducing its outstanding dues under a 2017 power supply agreement with the Indian company, news agency PTI reported, citing sources.

As of 27 June, the payment covers most of the committed $437 million to be paid during the month the month.

This would reportedly clear Bangladesh's "admitted" claims till 31 March.

If the remaining dues are paid by month-end, Adani’s "claimed" dues would drop to around $500 million, down from a peak of nearly $2 billion.

Bangladesh’s struggle to meet its payment obligations stemmed from high import costs following the Russia-Ukraine war and a financial crisis worsened by political turmoil.

The crisis led to the ouster of Prime Minister Sheikh Hasina in August 2024.

Amid the crisis, Adani Power halved its electricity supply in November 2024 due to unpaid dues but resumed full supply, around 1,600 MW, in March 2025 as payments began flowing again.

With the latest payments, Bangladesh has cleared nearly $1.5 billion in total, and Adani has reportedly agreed to waive late payment surcharges worth about $20 million for January to June, conditional on continued timely payments.

The Bangladesh government has approached the IMF for an additional $3 billion loan to manage essential imports as foreign currency reserves remain strained.

Under the 2017 deal, Adani Power's Godda power plant in Jharkhand was to supply 100 per cent of the electricity generated from burning coal, to Bangladesh for a period of 25 years.

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