Adani Power has said Bangladesh is steadily drawing electricity from its 1,600‑megawatt Godda thermal power plant in India’s Jharkhand and has been clearing outstanding dues, with the company expressing confidence that remaining issues under discussion will be resolved.
Managing Director Anil Sardana told shareholders at the company’s Annual General Meeting (AGM) that the supply arrangement with the Bangladesh Power Development Board (BPDB) remains operational and commercially stable despite earlier concerns over payment delays, The Hindu Business Line reported.
The asset was performing well, Bangladesh continued to absorb power, and the country remained engaged with the commercial arrangements, Sardana also said.
His comments came amid efforts by Adani Power and BPDB to reconcile certain claims under the long‑term power purchase agreement governing electricity exports from the Godda facility.
He explained that the matters currently under arbitration were limited to specific aspects of imported fuel pricing and benchmark indices and did not affect the broader supply arrangement.
Sardana added that BPDB had accepted the expert conducting the arbitration, which was confined to fuel indices, and expressed confidence that the issues involved were small and would be resolved.
According to Adani Power’s FY26 annual report, the company has requested the Singapore International Arbitration Centre (SIAC) to appoint an expert to resolve pending reconciliation issues. Both Adani Power and BPDB have nominated representatives to engage with the expert, and the appointment agreement has already been executed.
Payment collections improving
Adani Power said collections from Bangladesh had improved significantly over the past year, though it did not disclose the exact amount of pending dues. Sardana conveyed that Bangladesh had paid a large portion of arrears and had committed to ensuring that none of the arrears would remain unsettled.
He added that the dues, including late‑payment surcharges, had been admitted by the Bangladesh side, which was also paying the carrying cost for delays. He added that Bangladesh’s commitment was evident in the way past arrears were being liquidated.
The annual report stated that Adani Power recovered a significant portion of receivables from BPDB during FY26, including late‑payment surcharge charges, and remained confident of recovering the balance.
Strategic project
The Godda project holds a strategic position in India’s cross‑border electricity trade framework. The plant comprises two ultra‑supercritical units of 800 MW each and supplies its entire output to Bangladesh under a long‑term power purchase agreement.
It was the first project developed and commissioned under India’s cross‑border electricity trading guidelines.
Located within a sector‑specific Special Economic Zone in Jharkhand, the Godda facility is also the largest thermal independent power project in the state.
During FY26, Adani Power connected the plant to the Indian grid and said engagement with BPDB had resulted in collection of a majority of outstanding dues.
