- LATEST
- WEBSTORY
- TRENDING
BUSINESS
BIG move by Gautam Adani, his company to stop supplying power to Bangladesh if all payments not cleared by...
APJL recently reduced its power supply to Bangladesh by half due to unpaid bills
Updated : Nov 04, 2024, 07:36 AM IST
 "Gautam Adani")
TRENDING NOW
)
Redditors say Aishwarya Rai, Abhishek Bachchan's separation is 'confirmed' after she is absent from Amitabh Bachchan's..
)
Sudhanshu Pandey makes big statement on Anupamaa co-actor Rupali Ganguly's stepdaughter allegations: 'It's not good...'
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
)
Amid Aishwarya Rai, Abhishek Bachchan's divorce rumours, actor reveals dinner table secret: 'Humare ghar mein koi..'
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
Meet richest footballer of 2024, not Cristiano Ronaldo, Lionel Messi, his net worth is...
)
Gautam Adani's BIG Rs 16877 crore plan to take on Mukesh Ambani, set to build Mumbai's largest...
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
'Kash ye Aishwarya ke liye...': Amitabh Bachchan shares early review of 'pride' Abhishek Bachchan's film, netizens react
)
Virat Kohli's tweet mistaken for 'divorce announcement' from Anushka Sharma, fans compare to AR Rahman's separation post
)
Meet actress who worked as sweeper, did superhit film with Shah Rukh, took up acting after Madhuri Dixit..., earns Rs..
)
Samantha Ruth Prabhu shares inspirational poem ahead of Naga Chaitanya, Sobhita Dhulipala wedding: 'Force your heart...'
)
Model's bold dance in towel at India Gate raises eyebrows, netizens say arrest her, watch viral video
)
AR Rahman, Saira Banu to separate 29 years after marriage due to 'significant emotional strain': 'Couple has found...'
Adani Power Jharkhand Limited (APJL) has set a deadline of November 7 for the Bangladesh government to clear outstanding dues, warning that power supply to the country will be completely cut off if payments are not made, according to reports. APJL recently reduced its power supply to Bangladesh by half due to unpaid bills.
The Bangladesh government currently owes Adani about $850 million. Due to this shortfall, Bangladesh faced a power deficit of more than 1,600 megawatts (MW) on the night between Thursday and Friday, with only one of APJL’s units supplying 700 MW out of the contracted 1,496 MW.
Adani previously sent a letter to Bangladesh’s Power Development Board (PDB), demanding dues be cleared by October 30 and warning of a potential supply suspension. The company cited a lack of a $170 million letter of credit from Bangladesh Krishi Bank and an overdue amount of $846 million.
A PDB official said that while they’ve been paying around $18 million per week, the total bill exceeds $22 million weekly, causing dues to rise again. He also noted that a recent payment could not be processed due to a dollar shortage at Krishi Bank.
Adani’s charges increased after a one-year supplementary deal expired, reverting to coal prices calculated under the original Power Purchase Agreement (PPA) based on Indonesian and Australian coal indexes, which are currently high.
Adani also communicated with Bangladesh’s interim government, led by Muhammad Yunus, pressing for payment.
