Adani Power has given Bangladesh four days to pay the outstanding electricity bill. The company has already halved the power supply to Bangladesh. Group company Adani Power Jharkhand Limited (APJL) has taken this step due to non-payment of $ 846 million (about Rs 7,118 crore) dues. According to data from Bangladesh’s power grid, APJL has cut electricity supply from Thursday night. Due to this cut, Bangladesh faced a power shortage of more than 1,600 MW in one night. The 1,496 MW Bangladeshi plant is now operating at 700 MW. Bangladesh said – Payment is pending because the company increased the charges. Bangladesh Electricity Board said that we have paid the old bills, but since July Adani’s charges have increased to more than $ 22 million every week. While PDB is paying about $ 18 million, due to which the outstanding amount is increasing. Adani Power selling electricity to Bangladesh from April 2023 Adani Power Limited (APL) started exporting electricity to Bangladesh through its power project from 10 April 2023. The company had signed a deal in 2017 to supply electricity to Bangladesh from the Godda power plant for 25 years under the Power Purchase Agreement. The plant was commissioned in three and a half years After meeting Prime Minister Sheikh Hasina last year, Gautam Adani shared a picture on Twitter. He wrote, ‘Honoured to meet Bangladesh Prime Minister Sheikh Hasina on the full load start and handover of the 1600 MW ultra super-critical Godda power plant. I salute the dedicated teams of India and Bangladesh who commissioned the plant in a record time of three and a half years despite facing Covid.’ Read this news too… Adani Power’s profit fell 50% in the second quarter: ? 3,298 crore, revenue increased 3% to Rs 13,339 crore; Share rose 66% in one year Adani Power, an Adani Group company producing thermal power, has made a net profit (consolidated net profit) of Rs 3,298 crore in the second quarter of the financial year 2024-25. It has decreased by 50% on an annual basis. In the same quarter a year ago, the company had a profit of Rs 6,594 crore. Talking about operational revenue, it was Rs 13,339 crore in the July-September quarter. It has increased by 3% on an annual basis. In the second quarter of the financial year 2023-24, the company had generated a revenue of Rs 12,991 crore. The income earned from selling goods and services is called revenue. Click here to read the full news…
