Dhaka, July 1 -- Bangladesh has resolved its payment dispute with India's Adani Power, clearing overdue bills and removing uncertainty over power supply from the company's Jharkhand-based plant.
A PTI report citing New Delhi sources reveals that Bangladesh made a record single payment of $437 million in June, settling past arrears, transmission charges, and all issues related to the power purchase agreement (PPA).
Bangladesh now has no pending dues. In addition, it has issued a letter of credit (LC) equivalent to two months' worth of bills, along with a sovereign guarantee covering all outstanding amounts.
With the financial issues settled, the Bangladesh Power Development Board (BPDB) has formally requested Adani Power to continue sup...
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