Adani Power has agreed to fully resume electricity supply from its 1,600 MW plant in India to Bangladesh after a three-month reduction but has refused Dhaka’s request for discounts and tax concessions, two sources told Reuters.
The supply was halved on October 31 due to payment delays amid Bangladesh’s foreign exchange crisis. This led to the shutdown of one of the plant’s two units on November 1. Bangladesh later requested Adani to maintain only half the supply, citing lower winter demand and ongoing payment issues.
With summer approaching, the Bangladesh Power Development Board (BPDB) requested a full restoration of supply. Adani Power has agreed to resume full deliveries by next week, the sources said.
However, the company has not conceded to BPDB’s demand for discounts and concessions, potentially worth millions of dollars. A virtual meeting between the two sides took place on Tuesday, with further discussions expected.
“They don’t want to give up anything, even $1 million,” one source said, referring to Adani Power’s firm stance on the power purchase agreement.
BPDB Chairperson Md. Rezaul Karim did not comment on the dispute but confirmed that full power supply would soon resume. Adani Power has not responded to requests for comment but previously stated that power dispatch depends on changing procurement needs.
A pricing dispute over tariff calculations remains unresolved, with BPDB and Adani differing on the amount owed, which ranges from $650 million to $900 million.
