Adani Urges Bangladesh to Clear $800 Million Debt

Gautam Adani has urged the Bangladesh government to expedite the payment of $800 million owed by the Bangladesh Power Development Board (PDB) to Adani Power for electricity supplied from its Godda plant in Jharkhand. In letters addressed to Chief Adviser Muhammad Yunus, Adani stressed the financial strain caused by the delayed payments, which have accumulated over an eight-month period and jeopardize the continued power supply and plant operations. The debt has arisen due to inadequate monthly payments from the PDB, which are significantly lower than the agreed amounts. Adani highlighted the company's $2 billion investment in the power plant and its critical role in Bangladesh's energy security. He requested regular payments of routine bills along with significant monthly tranches to clear the outstanding dues. The situation has put pressure on Adani Power, affecting its ability to meet debt obligations and operational costs.