Adani Power to completely restore the offer to Bangladesh, but he refuses to request the opponent: Report

Adani Power will fully return the power of 1600 megawatts from the Jharkhand factory to Bangladesh, but she rejected DHAKA request for discounts and tax benefits, Reuters, cited sources. The restoration follows a request from the BangDB Energy Council (BPDB) amid the increasing summer demand.

Despite the approval of the full offer resumption, Adani Power has rejected the BPDB demands to obtain discounts and privileges that are likely to deserve millions of dollars. Bangladesh owes nearly 650 million dollars, although the company’s sources estimate that the distinguished dues have reached about 900 million dollars.

The $ 2 billion factory at JHARKHAND, which works under a 25 -year -old energy purchase agreement signed in 2017, reduced the offer on October 31 due to late payments. Since November 1, the facility has been operated with the lowest capacity, with one unit without internet connection and there is no certain timetable for full restoration. Reuters review document revealed that the factory is only 41.82 % last month, its lowest level this year.

Adani Power sent a message on October 27, BPDB warning that if payments are not made, energy supplies will be suspended on October 31 according to the terms of the energy purchase agreement. The payments of $ 85 million in November and 97 million dollars in October reduced the balanced balance in a marginal way.

The company highlighted that BPDB did not provide a $ 170.03 million credit letter from Bangladesh Krishi Bank and did not give the accumulated dues of $ 846 million. In the winter, Bangladesh imported about 1000 megawatts per month from the Adani factory. With the expectation of the full offer to resume next week, it remains unintentionally how unpaid dues will affect the long -term energy arrangement between the two parties.