Gautam Adani to recieve Rs 75000000000 from Bangladesh, bills late payment surcharge of…, will Adani Power stop power supply? CEO says…
Adani Power is awaiting approximately USD 900 million (around Rs 7,500 crore) in payments from Bangladesh for electricity supplied from its Godda Power Plant in Jharkhand, according to a company official.
During an earnings call, Chief Financial Officer (CFO) Dilip Jha stated, “To date, our total billing amounts to around USD 2,000 million, of which we have already received USD 1,207 million. Additionally, we have billed USD 136 million as a late payment surcharge (LPS).”
Jha added that the total outstanding amount, including the LPS, currently stands at USD 900 million. On the company’s capex plan, Jha said the company has planned Rs 13,307 crore towards expansion capex for FY26, up from Rs 8,000 crore already incurred in FY25.
In FY26 capex includes expansion of Mahan phase 2 and 3, Raigarh phase-2, Raipur phase-2, Mirzapur, Kawai Phase-II, and Korba phase-2 and Korba phase-3.
Speaking further S B Khyalia, Chief Executive Officer (CEO), Adani Power, said the company is supplying full power to Bangladesh and it has never stated that there was an issue of the level that would it have to stop the supply.
In the last quarter, the outstanding has gone down by around Rs 500 crore. So, the payment which the company is getting now is more than the monthly billing, he said in reply to a question if Adani Power has stopped supplying power to Bangladesh due to balance payment.
Lanco Amarkantak, where two units are under construction, are likely to get commissioned either by the end of this year or in the first half of the next year, Khyalia added.
The 1,600 MW (2×800 MW) Godda Ultra-Supercritical Thermal Power Plant of (USCTPP) Adani Power (Jharkhand) Limited (APJL), a subsidiary of Adani Power Limited, is the largest thermal Independent Power Project (IPP) of Jharkhand.
It is the first thermal power plant exporting its entire power to the neighbouring country through a 130 km long, 400kV cross country double circuit transmission line, connected to the Bangladesh grid.
The first 800-MW unit of the plant was commissioned on April 6, 2023 and the second 800-MW unit of the plant was commissioned on June 26, 2023.
(With inputs from PTI)
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