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Adani seeks Md Yunus' assistance in getting $800 m

Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Adani Power has been supplying electricity to Bangladesh since June last year from its 1.6 GW coal-based plant in Jharkhand's Godda via a dedicated transmission line

Adani Group chairman Gautam Adani has approached Muhammad Yunus, the chief advisor to the Bangladesh government, requesting his assistance in expediting the clearance of $800 million in outstanding payments owed by the Bangladesh Power Development Board to Adani Power for electricity supplies, according to a report by The Economic Times.

In a letter dated August 27, Adani wrote, “The lenders have now been severe on us as we continue to meet our commitment to Bangladesh. I would request for your kind intervention in early liquidation of $800 million of receivables due from Bangladesh Power Development Board.”

©SHIRSENDU KARMAKAR #Adani
Adani seeks Md Yunus' assistance in getting $800 mn in payments cleared

Adani Power has been supplying electricity to Bangladesh since June last year from its 1.6 GW coal-based plant in Jharkhand's Godda via a dedicated transmission line

Adani Group chairman Gautam Adani has approached Muhammad Yunus, the chief advisor to the Bangladesh government, requesting his assistance in expediting the clearance of $800 million in outstanding payments owed by the Bangladesh Power Development Board to Adani Power for electricity supplies, according to a report by The Economic Times.

In a letter dated August 27, Adani wrote, “The lenders have now been severe on us as we continue to meet our commitment to Bangladesh. I would request for your kind intervention in early liquidation of $800 million of receivables due from Bangladesh Power Development Board.”

©SHIRSENDU KARMAKAR #Adani