Bangladesh halves power buying from Adani amid payment dispute
- Posted on December 2, 2024
- By Business News Today
- 3 Views
Bangladesh halves power buying from Adani amid payment dispute
Bangladesh has reduced its power purchase from India's Adani Power by half due to decreased winter demand, payment delays, and a foreign exchange shortage. Adani cut supply in response, and Bangladesh maintains payment of old dues while negotiating lower prices, aiming to reduce high costs and subsidies associated with Adani's rates.