Bangladesh currently owes more than $1 billion to five Indian power companies, with Adani Power set to receive approximately $800 million of this debt. Despite these significant arrears, the friendly relations between India and Bangladesh have ensured the continuous supply of electricity by these Indian entities.
The Economic Times reported on Tuesday that Adani Power exports electricity to Bangladesh from its 1,600-megawatt coal-fired power plant located in Godda, Jharkhand. This plant contributes nearly $800 million to the total outstanding amount. Another company, SEIL Energy India, which has a contract to supply 250 megawatts of power to Bangladesh, is owed about $150 million as of June 30.
Additionally, the state-owned National Thermal Power Corporation (NTPC) of India supplies approximately 740 megawatts from three power plants to Bangladesh, with receivables amounting to around $80 million.
The report also mentioned that Power Trading Corporation (PTC) of India has accrued receivables of $46 million from Bangladesh as of August 25. Moreover, the state-owned Power Grid Corporation of India Limited is set to receive $20 million.
Despite the substantial sums involved, the robust bilateral relations between the two nations have played a crucial role in maintaining the flow of electricity across borders, highlighting the strategic partnership in the energy sector between India and Bangladesh.