Bangladesh electricity provide: 5 Indian power companies owed whopping $1 billion; $800 million due to Adani Power

Five Indian power companies that present electricity to Bangladesh are dealing with excellent dues exceeding $1 billion, in accordance to trade executives accustomed to the scenario. Adani Power, which operates a 1.6 GW coal-fired plant in Godda, Jharkhand, and provides electricity by way of a devoted transmission hall, is owed roughly $800 million of this quantity.
The executives talked about above mentioned that the companies have maintained their power provide to Bangladesh regardless of the excellent dues, showcasing the sturdy friendship between the 2 nations. However, they cautioned that this association can’t persist indefinitely, because the companies are accountable to their stakeholders.
(*5*) one of many individuals mentioned.

According to an ET report, as of June 30, 2024, SEIL Energy India is owed round $150 million. The firm has a power buy settlement for 250 MW with Bangladesh, a rustic that not too long ago skilled an rebellion, inflicting its Prime Minister to search refuge in India. NTPC, which provides about 740 MW from three of its crops, is owed almost $80 million.
PTC India‘s excellent dues from Bangladesh amounted to roughly $84.5 million as of March finish. The firm has obtained $46 million till August 25, in accordance to their emailed response to ET’s question.
Currently, PTC India is owed $79 million by the neighboring nation. Since 2013, PTC has been supplying 250 MW of power to the Bangladesh Power Development Board from West Bengal State Electricity Distribution Co.
Power Grid Corporation of India is owed $20 million by Bangladesh. NTPC, SEIL Energy, and Power Grid didn’t reply to ET’s queries concerning the matter. A authorities official mentioned, “Some companies have had issues related to payment, with some of it related to coal purchase as well.”
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An official from Adani Power acknowledged the scenario however declined to touch upon the particular quantity owed by Bangladesh.
One government from a power firm talked about earlier emphasised the urgency of discovering a decision, warning that failure to achieve this would make it difficult for them to maintain the power provide. The government highlighted the necessity for upfront funds to lenders, coal suppliers, spare elements suppliers, and different important companies associated to plant operations.
The Godda plant, which turned totally operational in July 2023, depends on imported coal for power era. During its commissioning, Adani Power had acknowledged that the electricity provided from the plant would positively affect Bangladesh by changing the costly power generated from liquid gas. According to one of many sources, Adani has continued to present power as per the schedule set by the Bangladesh Power Development Board.