Adani Power further cuts Bangladesh power supply over payment dispute Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB) India's Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources familiar with the move. Adani Power, which exports power to Dhaka from its dedicated 1,600 megawatt (MW) Godda plant in eastern India's Jharkhand state, had reduced supply this month to 700 MW-750 MW from around 1,400-1,500 MW in early August. Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB). ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff Supplies are to start in 48 months from the date of award of the letter of intent Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Adani-backed Ambuja Cement's officer arrested for bribery attempt in Odisha Rambhav Gattu was arrested for Rs 2 lakh alleged bribery attempt in Odisha, money hidden in box of sweets handed over to govt official The chief manufacturing officer of Ambuja Cement, Adani Group’s cement arm, has been arrested for allegedly attempting to bribe a government official. The Odisha Vigilance Directorate reported that Rambhav Gattu, who holds a senior role at the company’s operations in Chhattisgarh, was detained after offering a bribe of about Rs 2 lakh to Aditya Goyal, the collector of the Barghar region in Odisha. Rs 2 lakh bribe hidden in box of sweets According to the Vigilance Directorate, Gattu presented Goyal with a flower bouquet and a box of sweets, which was later found to contain Rs 2 lakh in cash. The incident occurred on Wednesday when Goyal, suspecting the package, asked his staff to open it, revealing four bundles of 500-rupees notes. The collector then informed vigilance authorities, leading to Gattu’s arrest on the spot. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

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

SHIRSENDU KARMAKAR

Adani Power further cuts Bangladesh power supply over payment dispute Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB) India's Adani Power has further reduced electricity supply to neighbouring Bangladesh as it seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources familiar with the move. Adani Power, which exports power to Dhaka from its dedicated 1,600 megawatt (MW) Godda plant in eastern India's Jharkhand state, had reduced supply this month to 700 MW-750 MW from around 1,400-1,500 MW in early August. Late on Thursday, supply was further reduced to about 520 MW, according to Power Grid Bangladesh data and an official with the Bangladesh Power Development Board (BPDB). ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff Supplies are to start in 48 months from the date of award of the letter of intent Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Adani-backed Ambuja Cement's officer arrested for bribery attempt in Odisha Rambhav Gattu was arrested for Rs 2 lakh alleged bribery attempt in Odisha, money hidden in box of sweets handed over to govt official The chief manufacturing officer of Ambuja Cement, Adani Group’s cement arm, has been arrested for allegedly attempting to bribe a government official. The Odisha Vigilance Directorate reported that Rambhav Gattu, who holds a senior role at the company’s operations in Chhattisgarh, was detained after offering a bribe of about Rs 2 lakh to Aditya Goyal, the collector of the Barghar region in Odisha. Rs 2 lakh bribe hidden in box of sweets According to the Vigilance Directorate, Gattu presented Goyal with a flower bouquet and a box of sweets, which was later found to contain Rs 2 lakh in cash. The incident occurred on Wednesday when Goyal, suspecting the package, asked his staff to open it, revealing four bundles of 500-rupees notes. The collector then informed vigilance authorities, leading to Gattu’s arrest on the spot. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

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

SHIRSENDU KARMAKAR