Dhaka, July 2 -- Bangladesh has cleared all outstanding dues to India's Adani Power, making a one-time payment of $437 million in June for electricity imports.

Officials familiar with the matter told UNB that the payment covers all receivables owed to Adani Power up to March 31 of this year.

Bangladesh Bank officials said Adani Power's largest single payment was cleared so far in June. Previously, the company typically received an average of $90-100 million per month from Bangladesh.

According to sources, with the clearance of all outstanding bills, including arrears, delayed interest and other charges, the cross-border power purchase agreement between Bangladesh and Adani Power has returned to a normal financial and legal state.

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