DHAKA, BANGLADESH – June 25, 2025 – Adani Power Limited (APL) has formally requested the Bangladesh government’s urgent intervention to recover outstanding dues exceeding $900 million from the Bangladesh Power Development Board (BPDB). The Indian energy giant, a key supplier of electricity to Bangladesh, warns that the significant payment delays are severely impacting its financial health and threatening the continuity of power supply.In a letter dated June 17, 2025, addressed to Dr. Salehuddin Ahmed, Hon’ble Adviser of the Finance Division within Bangladesh’s Ministry of Finance, Adani Power highlighted that BPDB’s outstanding dues had swelled to over $900 million by the end of May 2025. The company attributes these delays primarily to an “inadequate availability of foreign exchange” within Bangladesh.Adani Power, which has been supplying 1496 MW of reliable power to Bangladesh under a long-term Power Purchase Agreement (PPA) since April 2023, stated that the continuous default in payments has “grievously affected APL’s financial position” and caused “tremendous hardships & embarrassment” with its lenders. The letter further notes that financial institutions are reportedly threatening to withdraw capital due to BPDB’s ongoing payment failures.Despite the mounting arrears, Adani Power noted that BPDB continues to manage monthly bills of approximately $90-100 million for regular power supply. The company is now appealing for a special intervention to ensure “appropriate monetary allocation” is made to Bangladesh’s Krishi Bank, or any other designated bank, to facilitate the early liquidation of these outstanding dues. This, Adani asserts, is crucial for assuring “uninterrupted power supply & reliable services to Bangladesh.”The letter was signed by Anil Sardana on behalf of Adani Power. Copies of the communication were also sent to the Secretary and Chairman of the BPDB in Dhaka. The situation underscores the broader challenges faced by Bangladesh concerning foreign exchange reserves, which are now impacting critical infrastructure contracts with international partners.
