The Bangladesh Power Development Board (BPDB) has made a partial payment of US$30 million to Adani Power Ltd, helping avert an immediate suspension of electricity supply from India’s Jharkhand-based Godda power plant, officials from both sides confirmed on Monday.
“We have received $30 million and continue our operation,” an Adani Power official said, requesting anonymity. He added that the company remains hopeful of receiving the remaining dues soon.
The payment comes amid Adani Power’s warning last month that it might halt electricity supply to Bangladesh from November 11 if overdue payments under the Power Purchase Agreement (PPA) were not cleared.
In a letter to BPDB Chairman on October 31, 2025, Adani Power Vice Chairman Avinash Anurag stated that BPDB owed the company US$496 million, of which US$262 million were “undisputed and pending as per BPDB’s own admission.”
Despite repeated follow-ups and reminders, including a letter dated October 27, the company said payments remained “long overdue.” Citing clauses 13.2(i)(i) and (ii) of the PPA signed on November 5, 2017, Adani Power noted that BPDB’s failure to clear the outstanding dues entitled the company to suspend power supplies.
“If all overdue amounts are not cleared by November 10, 2025, we will be left with no option but to suspend power supply from November 11, 2025,” the letter warned.
Adani Power also clarified that under the agreement, it would still be entitled to receive capacity payments based on dependable capacity even if power delivery were suspended.
Adani Seeks Clearance of $464 Million Outstanding Dues
Earlier, Adani Group Chairman Gautam Adani had written to Bangladesh’s Chief Adviser Prof. Dr. Mohammad Yunus on September 27, urging prompt clearance of US$464 million in overdue bills.
In the letter, Adani acknowledged that partial payments made between June and September 2025 had “tremendously helped” operations but said “a significant balance” still remained.
He also referred to a meeting on June 23, 2025, where BPDB officials had promised to settle all dues, including Late Payment Surcharges (LPS), by September 30—a deadline that has since expired without any definitive repayment schedule.
The dues relate to power supplied from Adani Power’s 1,496 MW Godda Thermal Power Plant in Jharkhand, which exports electricity to Bangladesh through a dedicated transmission line under a long-term PPA.
Review Committee Examines PPA Anomalies
Meanwhile, the government-formed National Review Committee on Power Purchase Agreements, led by Justice Moinul Islam, is examining the terms and approval process of the Adani PPA.
Recently, the committee presented its preliminary report titled “Basic Governance Failure and Review of Anomalies in the Approval Process on Adani.” The interim findings are under review, with a final report expected by mid-January 2026, according to officials in the Power Division.
The committee is also overseeing the ongoing operations of the Godda plant, which is connected to Bangladesh through a dedicated cross-border transmission line.
Concerns Over Letter of Credit Renewal
Amid the payment dispute, Adani Power has also urged BPDB to renew the expired Letter of Credit (LC) tied to the 2017 PPA.
In letters dated July 18, October 16, and October 27, 2025, the company reminded BPDB that LC No. 049924010349—issued by Bangladesh Krishi Bank—had expired on October 30, 2025, without renewal.
Under Section 13.2 of the PPA, BPDB must ensure the LC’s annual renewal at least three months before expiry. Failure to do so could constitute a “BPDB Event of Default” under Section 4.3(g), entitling Adani Power to pursue contractual remedies.
The company emphasized that its communications were made “without prejudice to our rights under the PPA and applicable law.”