Adani Halves Power Supply To Bangladesh Over Unpaid Bills: Report
Adani Group, a leading Indian multinational conglomerate, has been supplying power to Bangladesh as part of a cross-border agreement. The agreement initially aimed to support Bangladesh’s growing energy demands, ensuring a stable power supply to fuel its development.
Reduction in Power Supply Due to Unpaid Bills
Recent reports indicate that Adani has reduced its power supply to Bangladesh by nearly 50%. This decision reportedly stems from a series of overdue payments from the Bangladeshi side. The financial dispute has led Adani to take steps that have impacted Bangladesh’s electricity access.
Impact on Bangladesh’s Energy Security
The reduction in power supply has raised concerns about potential energy shortages in Bangladesh, especially as demand continues to grow. This cut in supply could strain existing resources, making it harder for the country to meet its energy needs effectively.
Ongoing Negotiations and Future Prospects
While Adani has scaled back its supply, both sides are reportedly engaged in ongoing negotiations to resolve the payment issue. The outcome of these talks could determine whether Adani will resume full power supply to Bangladesh or continue with the reduced service until payments are cleared.
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