Bangladesh has cleared all outstanding dues to Adani Power by making a substantial payment of $437 million in June, settling all pending bills for electricity supplied from India up to March 31, 2025.
Officials confirmed that with this transaction, the power purchase agreement between Bangladesh and Adani has returned to a fully regular financial and legal footing.
The payment marks the largest single remittance Adani Power has received from Bangladesh to date. Previously, the company received monthly payments ranging between $90 to $100 million for electricity supplied.
The dues included unpaid bills, interest for delayed payments, and other charges. Following the settlement, the agreement between the two parties has resumed normal operation, and previous concerns raised by the Bangladeshi side regarding the contract have reportedly been resolved.
Electricity is supplied to Bangladesh from Adani Power’s 1,600-megawatt plant in Godda, Jharkhand, India.
With the backlog cleared, Bangladeshi authorities have now instructed Adani Power to keep both of its 800-megawatt units operational according to the Power Development Board`s (PDB) requirements.
Under the earlier mutual understanding, Adani had agreed to waive late payment penalties if all dues for the previous fiscal year were settled by June 30.
Bangladesh complied with this condition. To ensure timely future payments, Bangladesh has now established a letter of credit (LC) worth approximately $180 million—equivalent to two months of billing—and has also provided a sovereign guarantee for remaining dues.
In May 2025, it was reported that Bangladesh owed Adani Power nearly $900 million. According to company executives, the total billed amount had reached $2 billion, of which $1.2 billion had been collected by the end of the 2025 fiscal year. An additional $136 million had been billed due to delayed payments.
Despite the financial delays, Adani Power’s CEO confirmed that electricity supply to Bangladesh was never interrupted.
In the January–March quarter of the 2025 fiscal year, the company also saw a reduction of ₹500 crore in outstanding receivables.
Following the renewed financial assurance from Bangladesh, structural changes have also been made on the Indian side.
The Godda project, which was previously operated by a separate Adani subsidiary, has now been merged with the parent company, streamlining both operations and financial management.
