Adani Halves Power Supply to Bangladesh Over Outstanding Bills
India's Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
Load-shedding in the country rose to around 1,500 MW as the Indian industrial group shut down one of the two units built for Bangladesh with a capacity of 700 MW. Bangladesh's outstanding bill to Adani is $886 million (about Tk10,350 crore).
After investigation, it is known that since last July, Adani has been charging the electricity bill due to the increased price of coal used in the power plant. The Indian industrial group is also pressuring Bangladesh to pay the outstanding bills. They have already reduced the electricity production to half. Adani is taking advantage of the 'one-sided' agreement, the stakeholders claim.
In this regard, the advisor of the Ministry of Power, Energy and Mineral Resources, Muhammad Fawzul Kabir Khan told the media that there is no question of paying extra. PDB will look into the issue of the increased price of coal. The contractual issues will be dealt with professionally and impartially following international norms. The contract review committee has already started working on it.
However, before the start of power generation last year, there was a huge controversy about the price of coal. The Power Development Board (PDB) refused to pay the high price of coal. Adani then agreed to reduce the price. They also promised to supply coal at a lower price than Payra and Rampal power plants. But after a year, Adani is asking for 22 percent more price.
Incidentally, the previous Awami League government had issued special bonds to pay the outstanding electricity bills. At that time, the government took Tk20,620 crore from the market through bonds. City Bank and Pubali Bank were involved in this initiative to pay the outstanding liabilities of private power plants.
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