Exclusive-Bangladesh halves power buying from India's Adani amid payment dispute By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2024
0mins
Source: Investing.com
Bangladesh Reduces Power Supply from Adani: Bangladesh has halved its power purchases from India's Adani Power due to lower winter demand and ongoing disputes over unpaid dues, which amount to approximately $650 million.
Concerns Over High Power Prices: The high cost of electricity from Adani, the most expensive among Indian suppliers, is leading to significant government subsidies, prompting Bangladesh to seek lower prices or potentially cancel the contract amid an investigation into it.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
