Adani Power Has $800 Million in Unpaid Dues From Bangladesh
- Won’t cut power supply but company in talks for clearing dues
- Shows geopolitical risks of Adani Group’s overseas expansion
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Billionaire Gautam Adani’s power generating unit has raked up unpaid dues of as much as $800 million from Bangladesh, where weeks of violent protests left hundreds dead and forced out the previous administration this month.
The South Asian country owes this sum to Adani Power Ltd., part of the Indian mining-to-media conglomerate, for electricity supplied by its coal-fired plant in the Godda district of the eastern state of Jharkhand, Bangladesh Bank’s newly-appointed Governor Ahsan H. Mansur told Bloomberg News in an interview.