India’s Adani Power Limited (APL) has raised serious concerns over delayed payments from Bangladesh, warning that continued arrears could jeopardize electricity supply and financial stability.

$500 Million in Outstanding Dues

The company says nearly $500 million remains unpaid for electricity supplied to Bangladesh. In a recent letter to Bangladesh’s Finance Secretary, APL Managing Director Anil Sardana urged the government to clear the dues without further delay.

According to Sardana, the Bangladesh Power Development Board (BPDB) had committed during a June 23 meeting to settle all arrears, including interest, by September 30. However, he noted that no specific payment schedule has been communicated to date.

Partial Payment Falls Short

On September 14, Adani received a payment advice for $62.44 million, pending confirmation from Bangladesh Krishi Bank. Even if processed, this would cover only a fraction of the total dues, leaving a substantial gap of nearly $500 million.

Impact on Power Supply

Sardana warned that irregular cash flow is already affecting operations at Adani’s Godda power plant in India, which supplies electricity to Bangladesh. He stressed that regular and timely payments are critical for ensuring financial stability and an uninterrupted power supply.

BPDB’s Position

A BPDB official, responding to the concerns, said the board is making efforts to pay Adani regularly. In June alone, BPDB cleared $437 million in dues for power supplied up to March.

The official also noted a dispute over the scale of arrears: while Adani initially claimed about $900 million, BPDB’s own calculation placed the outstanding amount closer to $700 million.

Long-Term Supply Contract

Under a 2015 agreement, Adani Power began supplying 1,496 megawatts of electricity from its Godda plant to Bangladesh in April 2023. The facility has since become a major power source for northern Bangladesh.

Monthly Bills Continue

Despite arrears, BPDB is paying Adani around $90–100 million per month for ongoing supplies, officials confirmed. Adani says regular monthly bills typically range between $80 million and $100 million.

Growing Uncertainty

Adani Power has become a key player in Bangladesh’s energy security, but the mounting dues have cast uncertainty over both power generation and financial stability. Industry observers warn that timely payments will be essential to avert disruption in electricity supply.