Bangladesh Clears $437 Million Arrears to Adani Power, Restores Full 1,600 MW Output
Lenders are poised to upgrade Adani Power’s rating to AA+ following the dues clearance backed by credit guarantees
Overview
- The June disbursement settled all accrued charges and fees under the 2017 power purchase agreement.
- Payments are secured by a two-month letter of credit and a sovereign guarantee covering all future bills.
- The Bangladesh Power Development Board has requested deliveries from both Godda units in line with its merit order dispatch plan.
- A government probe found no issues in the power purchase agreement, reaffirming its contractual integrity.
- The Godda plant supplies about 10 percent of Bangladesh’s electricity demand, underscoring its role in national power security.