Adani Group's $800 million stuck in Bangladesh
Adani Group's $800 million stuck in Bangladesh…
adani Group's company adani Power's $800 million is stuck in neighboring country Bangladesh. Now the company led by gautam adani is pressuring bangladesh to pay this amount. The interim government formed after the violent protests to remove prime minister Sheikh Hasina in bangladesh is fully aware of this issue. bangladesh Bank's new governor Ahsan H Mansoor has said that if we do not pay this amount to adani Power, they will stop giving us electricity.
Supply is done from adani Power's jharkhand plant
This electricity supply to bangladesh is done from adani Power's plant located in Godda district of Jharkhand. governor Ahsan H Mansoor told Bloomberg in an interview that the interim government is trying to resolve this issue. Sources have informed that at present adani Power has no plans to cut off electricity. It is in talks with the government. But, if creditors and coal suppliers put pressure on the company, it may have to take tough steps.
adani Group has rapidly expanded its reach outside India
adani Group has rapidly expanded its reach outside india in the last few years. Along with bangladesh, this business group has also started its work in Sri Lanka, bhutan and Nepal. But, delay in electricity payment can have a bad effect on its plans. prime minister Narendra Modi's government also wants to expand indian business groups in neighboring countries. gautam adani had informed about the start of Godda Power Plant in the year 2022 on the social media platform X.