Anil Sardana, MD , Adani Power

Adani Power on Wednesday said Bangladesh continues to draw power from its 1,600 MW Godda thermal power plant in Jharkhand and has been steadily clearing outstanding dues, with the company expressing confidence that the remaining issues under discussion between the two sides will be resolved.

The power supply arrangement with the Bangladesh Power Development Board (BPDB) remains operational and commercially stable despite concerns raised over payment delays in the past, Managing Director Anil Sardana said. “The asset is doing well and they (Bangladesh) continue to absorb power and continue to be associated with the commercial arrangements with us currently,” Sardana told shareholders during the company’s Annual General Meeting (AGM). The comments come amid efforts by Adani Power and BPDB to reconcile certain claims under the long-term power purchase agreement governing electricity exports from the Godda plant.

Sardana said the issues currently under arbitration relate only to specific aspects of imported fuel pricing and benchmark indices and do not affect the broader power supply arrangement. “BPDB has accepted the expert conducting the arbitration between the two sides. This (the arbitration) is related to the specific aspect of the imported fuel and its indices and nothing else. The issues involved are very small and we are confident that we should be able to resolve some of these issues,” he added.

According to Adani Power’s FY26 annual report, the company has requested the Singapore International Arbitration Centre (SIAC) to appoint an expert to resolve certain matters pending reconciliation between the two parties. Both Adani Power and BPDB have nominated representatives to engage with the expert, and the appointment agreement has already been executed.

Payment collections

Without giving details of pending dues from Bangladesh, Adani Power also indicated that payment collections from Bangladesh have improved significantly over the past year. “They have paid a lot of arrears and continue to commit to the fact that they do not want any of those arrears to languish. To that extent I would like to convey to the shareholders that the dues — including the late payment surcharge — have been admitted by the Bangladesh side. So they are paying us the carrying cost for whatever delays that they have on the payments. Their commitment is visible in the way they have been liquidating some of the past arrears,” Sardana said.

In its annual report, Adani Power said it had recovered a significant portion of receivables from BPDB during FY26, including late-payment surcharge charges, and remains confident of recovering the balance outstanding amounts. The Godda project occupies 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 to be 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 the outstanding dues.

Published on June 25, 2026