Startup Originals Team
In June 2025, Bangladesh made a significant payment of US $384 million (approximately ₹3,200 crore) to Adani Power, as part of its monthly commitment of $437 million. This payment covered the country’s “admitted” dues up to March 31, 2025, substantially reducing the outstanding amount.
Before the payment, Bangladesh’s total liability under the 2017 power supply agreement stood at close to $2 billion. By settling these dues, it has now repaid nearly $1.5 billion, leaving around $500 million in “claimed” but yet-to-be-agreed dues, assuming the remaining month‑end payment is also fulfilled.
Background: Payment struggles and supply adjustments.
Bangladesh has struggled to honour its obligations under the 2017 Power Purchase Agreement with Adani Power, signed during Sheikh Hasina’s government. The deal involved electricity supply from Adani’s Godda Thermal Power Station in Jharkhand-two 800 MW units totalling 1,600 MW capacity-over a 25‑year period.
Following dramatic increases in global import costs after Russia’s invasion of Ukraine in 2022, combined with internal political turmoil (including the ouster of Sheikh Hasina in August 2024), Bangladesh suffered foreign exchange shortages. This forced payment delays, leading Adani last year to reduce power delivery by half in November 2024. In March 2025, full electricity supplies (about 1,600 MW) were restored after monthly payments resumed.
Waived late‑payment surcharge:
To encourage timely payments, Adani Power agreed to waive approximately $20 million in late‑payment penalties for the January–June 2025 period-on condition that Bangladesh completes the June monthly payment.
Outstanding issues: Coal index and capacity charges.
Despite this progress, both sides are still discussing differences regarding the plant’s coal-cost calculation and plant capacity charges – factors influencing the gap between “claimed” and “admitted” dues. Adani Power has remained tight‑lipped on these discussions, stating that negotiations are ongoing and private .
Political and financial backdrop:
The accord has faced intense scrutiny under Bangladesh’s interim government led by Nobel Laureate Muhammad Yunus, which took charge in August 2024. The administration has urged a high‑level panel of energy and legal experts to re‑evaluate the PPA, citing transparency concerns. To ease its economic pressure, Bangladesh has also requested an additional $3 billion IMF loan, supplementing its existing rescue package of $4.7 billion .
Summary in numbers:
- Payment this June: US $384 million of $437 million committed
- Total paid to date: ~$1.5 billion of $2 billion billed amount
- Remaining dues: Approximately $500 million (claimed but unresolved)
- Late‑payment surcharge waived: ≈ $20 million
