Bangladesh's Debt to Adani Power Approaches $900 Million

07 May 2025

Adani Power has to receive around $900 million (around ?7500 crore) from Bangladesh, where the company supplies electricity from its Godda Power plant in Jharkhand, a company official said. "As of now, the total billing we (Adani Power) have done so far is around $2000 million. We have already received $1207 million out of this, and we have also billed LPS (late payment surcharge) of $136 million," the company's Chief Financial Officer (CFO) Dilip Jha said in an earnings call. So, till now, the company’s total outstanding amount, including LPS, is approximately $900 million, he stated.

Jha stated that the company has allocated ?13,307 crore for expansion capital expenditures (capex) in FY26, a significant increase from the ?8,000 crore spent in FY25. The FY26 capex includes the expansion of Mahan Phases 2 and 3, Raigarh Phase 2, Raipur Phase 2, Mirzapur, and Kawai Phase II, as well as the development of Korba Phases 2 and 3. S.B. Khyalia, Chief Executive Officer (CEO) of Adani Power, emphasised that the company has been consistently supplying full power to Bangladesh and has never indicated any issue of such magnitude that would necessitate halting the supply.

In the last quarter, the outstanding amount has decreased by approximately ?500 crore. As a result, the company is now receiving payments that exceed the monthly billing amount, he added during an interaction. Lanco Amarkantak's two under-construction units are expected to be commissioned either by the end of this year or in the first half of next year, Khyalia added.

The 1,600 MW Godda Ultra-Supercritical Thermal Power Plant (2x800 MW), operated by Adani Power (Jharkhand) Limited—a subsidiary of Adani Power Limited—is the largest thermal Independent Power Project (IPP) in Jharkhand. It is the first thermal power plant to export its entire electricity output to a neighbouring country via a 130 km long, 400 kV double-circuit cross-border transmission line connected to the Bangladesh grid.

The first unit of the power plant, with a capacity of 800 MW, was successfully commissioned on April 6, 2023, marking a significant milestone in the project. Following this, the second 800-MW unit was brought online and commissioned on June 26, 2023, further enhancing the plant's overall power generation capacity.