TDS Desk:

Five Indian power companies that supply electricity to Bangladesh are owed more than $1 billion, The Economic Times reported today quoting industry executives aware of the matter.

Despite the dues, the Indian power companies have not stopped supplying electricity to Bangladesh reflecting the strong friendship between the two countries, the companies’ executives were quoted as saying by the newspaper.

About $800 million of this is due to Adani Power which supplies electricity from its 1.6 GW coal-fired plant in Godda, Jharkhand, through a dedicated transmission corridor, it said.

SEIL Energy India is owed about $150 million as of June 30, 2024. It has a power purchase agreement for 250 MW with Bangladesh, according to the newspaper.

State-owned NTPC, which supplies around 740MW from three of its power plants to Bangladesh, is owed about 80 million USD.

Power Trading Corporation (PTC) of India has been owned as of March this year. Out of this, the company has got 46 million USD till August 25, The Economic Times report said, quoting an email response from the PTC which supplies electricity to Bangladesh Power Development Board from West Bengal State Electricity Distribution Company.

State-owned Power Grid Corporation of India Limited (PGCIL) is owned 20 million USD, the said.