Bangladesh-Adani dues: Bangladesh pays $384 million to Adani Power, trims outstanding to $500 million

Bangladesh has paid $384 million to Adani Power this month, considerably lowering its outstanding dues underneath a 2017 energy provide settlement with the Indian firm, in accordance to sources.As of June 27, Bangladesh has paid $384 million of the dedicated $437 million scheduled for the month. Sources stated this quantity clears the nation’s “admitted” dues until March 31, although “claimed” dues by Adani stay about $500 million—offered Bangladesh completes its June-end fee dedication, PTI reported.The funds come amid Dhaka’s ongoing battle to meet obligations underneath the 25-year energy provide pact signed in the course of the tenure of former Prime Minister Sheikh Hasina. The settlement had come underneath pressure after rising import payments—exacerbated by the Russia-Ukraine warfare—and a extreme greenback crunch triggered by months of political turmoil that led to Hasina’s ouster in August 2024.In response to mounting unpaid payments, Adani Power halved electrical energy provide to Bangladesh in November 2024. Full provide from its 1,600 MW Godda plant in Jharkhand resumed in March 2025 after Bangladesh resumed month-to-month funds.With the newest tranche, Bangladesh has paid practically $1.5 billion of the entire $2 billion billed to date. Adani has reportedly agreed to waive late fee surcharges for January to June 2025, amounting to $20 million, contingent on well timed future funds.However, variations stay between Adani’s “claimed” and Bangladesh’s “admitted” dues—primarily due to disagreements over coal prices and plant capability calculations. A spokesperson for Adani Power confirmed the June funds however declined to touch upon outstanding disputes, calling the discussions non-public.The 2017 deal has confronted renewed scrutiny underneath Bangladesh’s interim authorities led by Nobel laureate Muhammad Yunus. The administration has initiated a overview of a number of energy buy agreements, together with Adani’s, by means of a committee comprising power and authorized specialists.Adani’s contract entails supplying your entire output from its coal-based Godda plant to Bangladesh. Following fee defaults, Adani had diminished provide by half in late 2024 however resumed full exports after partial legal responsibility clearance, the report stated.Bangladesh’s monetary crunch, pushed by diminished foreign exchange reserves and rising import payments for power, had resulted in widespread energy outages final yr. The nation has since been repaying month-to-month dues and just lately sought an extra $3 billion from the International Monetary Fund (IMF), atop an earlier $4.7 billion bailout bundle.Adani Power is amongst a number of Indian corporations promoting electrical energy to Bangladesh. Others embody state-run NTPC and PTC India Ltd. The interim authorities has labelled a number of Hasina-era energy offers “opaque” and is within the strategy of evaluating their long-term monetary and authorized implications.