Adani Power dues drop to $400m
Dhaka, July 7 -- Bangladesh has reduced its outstanding electricity payment dues to Adani Power by more than half over the past year, with regular payments helping restore full-capacity power supply from the Godda plant and easing concerns over cross-border electricity imports.
The arrears owed to the Indian business conglomerate have fallen to around US$400 million from about $900 million last year, as the government has been making payment at a "satisfactory" level, market insiders said.
Adani Power Jharkhand Ltd (APJL) is currently supplying around 1,450 megawatts (MW) of electricity from its power plant, against its installed generation capacity of 1,496 MW.,
Both generating units at the plant supplied 1,455 MW during the daytime p...
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