The Bangladesh Power Development Board (BPDB) has been steadily reducing its outstanding payments to Adani Power through regular monthly settlements. On average, the Indian power producer is receiving around US$100 million (approximately Tk 1234 Crore) every month. As these payments are slightly higher than the value of the monthly electricity bills, Adani expects the outstanding dues to continue declining gradually, a press release said.

These details were highlighted in a recent report published by the Indian daily The Hindu Business Line.

According to the report, Adani Power’s outstanding receivables from Bangladesh for electricity supplied stood at around US$400 million( approximately Tk. 5000 crore) as of June this year.

Speaking at the company’s recent annual general meeting, Adani Power Chief Executive Officer S.B. Khyalia said BPDB has been making payments regularly.

“We have been receiving regular payments. Last month also we received $100 million. So on an average every month we are getting $100 million payment. We are expecting that every month we will continue to get this $100 million from BPDB”, he said.

The Adani Power official said the monthly collections from Bangladesh were currently higher than the company’s billing requirement, which has helped improve liquidity realisation and reduce receivables over time. “This is slightly higher than our monthly bill and so we are expecting that the receivables, the liquidity realisation will also increase over a period of time,” he said.

Meanwhile, Adani Power has approached the Singapore International Arbitration Centre (SIAC) to resolve several outstanding issues between the two parties. Representatives from both sides have been appointed to work with the arbitration expert, and the relevant agreement has already been signed. The company expressed optimism that the ongoing arbitration process will lead to an acceptable resolution of the disputed matters.

Bangladesh’s electricity demand typically reaches around 18,000 MW during the summer, while average power generation remains between 14,000 MW and 15,000 MW. In winter, demand falls below 10,000 MW. Adani Power’s two 1,600 MW generating units at its Godda power plant in Jharkhand, India, currently supply up to 1,500 MW of electricity to Bangladesh each day, playing a significant role in reducing load shedding across the country.