The Adani Power official said the monthly collections from Bangladesh were currently higher than the company’s billing requirement, which has helped improve liquidity realisation and reduce receivables over time.
Adani Power’s receivables from its Bangladesh power supply business stood at nearly $400 million (around ₹3,863 crore) at the end of the June quarter, even as the company said regular payments from Bangladesh Power Development Board (BPDB) have helped reduce outstanding dues on a quarter-on-quarter basis.Chief Executive Officer SB Khyalia said that the company has been receiving regular payments from BPDB and expects the trend to continue. “We have been receiving regular payments. Last month also we received $100 million. So on an average every month we are getting $100 million payment and specifically for the June quarter our receivables is near $400 million. We are expecting that every month we will continue to get this $100 million from BPDB,” Khyalia told investors on Wednesday.The Adani Power official said the monthly collections from Bangladesh were currently higher than the company’s billing requirement, which has helped improve liquidity realisation and reduce receivables over time. “This is slightly higher than our monthly bill and so we are expecting that the receivables, the liquidity realisation will also increase over a period of time,” he said.The company said Bangladesh receivables had reached an all-time high in the first quarter of the previous financial year before a significant one-time payment received during June-July last year helped reduce the outstanding amount.One-time payment“In the first quarter of last financial year, the receivables were at an all-time high. In June-July last year we received a significant amount as a one-time payment. That had helped a lot in reducing these receivables from Bangladesh. The receivables have significantly reduced on a quarter-to-quarter basis,” Khyalia said.Adani Power’s Godda thermal power plant in Jharkhand supplies electricity to Bangladesh under a long-term power purchase agreement (PPA) signed with BPDB in 2017. The 1,600 MW project comprises two ultra-supercritical units of 800 MW each and is the first project developed and operationalised under India’s Cross Border Trade of Electricity guidelines.The Godda plant is located within a sector-specific special economic zone (SEZ) for power, making it the only thermal power plant situated in a power SEZ in India. It is also the largest thermal independent power project in Jharkhand. The plant supplies power to Bangladesh under a long-term agreement with BPDB and has been raising monthly invoices in accordance with the PPA terms since commencement of operations. The company during its annual general meeting last month had said it has recovered a significant amount from BPDB during FY26, including late payment surcharge, and remains confident of recovering the balance receivables.According to Adani Power’s FY26 annual report, the company has approached the Singapore International Arbitration Centre (SIAC) for resolution of certain matters pending reconciliation between the two parties. SIAC has appointed an expert to examine the issues, while both Adani Power and BPDB have nominated representatives to engage with the expert. The appointment agreement has also been executed. The company said it does not expect any adverse outcome from the reconciliation process and remains confident about recovery of the pending dues.Published on July 23, 2026
