Adani Power received $437 million from Bangladesh in June, settling payment arrears for electricity supplied until March 31. This clears the way for smooth operations at the Godda plant, which supplies 10% of Bangladesh’s electricity. With payments now on track and structural changes implemented, Adani Power anticipates a potential credit rating upgrade.
Bangladesh has cleared $437 million in dues to Adani Power, including carrying costs, reaffirming the Indian conglomerate’s role as a reliable power source. With payments regularized and additional security established, Bangladesh has requested full power supply from Adani’s Godda plant.
India’s power consumption saw a minor decrease of 1.5% in June. The dip is attributed to the early arrival of the monsoon season. This reduced the need for cooling appliances. Peak power demand also experienced a slight decline. The Indian Meteorological Department had predicted hotter temperatures. However, the early monsoon provided relief.