According to the Indian daily The Hindu, the government of Bangladesh paid $384 million to Adani Power in June, settling a significant amount of the country’s debt to Adani under a contentious power supply contract.
The Hindu was informed by two unnamed sources that as of June 27, Bangladesh had paid Adani $384 million. In June, $437 million was due in total. Adani’s “acceptable” debt as of March 31 of this year will be paid with this payment.
According to the sources, Adani’s total alleged debt would drop to roughly $500 million if Bangladesh paid the outstanding balance by the end of the month. The Adani Group claims that Bangladesh still owes a sizable sum, nevertheless.

Bangladesh was unable to fulfill its regular payment obligations under the 2017 agreement due to escalating fuel and coal prices in the global market, coupled with political instability in the country following the onset of the Russia-Ukraine conflict. Consequently, Adani cut the power supply to Bangladesh by 50% by the end of 2024. Nevertheless, after some arrears were settled starting in March of this year, full power supply was restored.

Including the most recent payment, Bangladesh has thus far disbursed approximately $1.5 billion to Adani, while the total outstanding amount is around $2 billion. Sources indicate that Adani has also offered a discount of up to $20 million on late fees for the period from January to June, provided that payments are made punctually.

Despite this, there remains a dispute between Bangladesh and the Adani Group regarding the calculation of the power plant’s generation capacity and the coal price. This discrepancy has led to a difference between the ‘claimed’ and ‘acceptable’ amounts owed.

A representative from Adani Power acknowledged the payment but refrained from providing specifics about the outstanding dues. He stated, ‘These discussions are ongoing and are taking place at a private level.’

As an aside, during the 2024 government transition, the 2017 deal inked under Sheikh Hasina received a lot of criticism. Dr. Yunus initiated a second examination of the agreement under the direction of the interim administration. His directives led to the formation of a high-level group that is presently addressing this problem.
Bangladesh would get all electricity produced by Adani Power’s coal-fired power plant in Godda, Jharkhand, India, for 25 years, as per the deal. Power supply has been restored to its full 1,600 MW level since March of this year, following a temporary suspension.