Dhaka, May 3 -- Bangladesh has significantly reduced its outstanding payments to India's Adani Power under a long-term power supply agreement, and the company remains optimistic about recovering the remaining dues, estimated at approximately $900 million, according to its Chief Financial Officer.
Speaking during a post-earnings call with analysts on Thursday, Adani Power CFO Dilip Jha confirmed that Bangladesh had resumed regular payments. "We are supplying full power to Bangladesh. The payment we are receiving now exceeds the current month's billing," he said. "We are hopeful that not only will the current dues continue to be paid in full, but the accumulated arrears will also be cleared."
The outstanding amount stems from a 2017 agree...
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