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In June (till June 27), Bangladesh has paid USD 384 million of the committed USD 437 million to be paid during the month, two sources aware of the matter said.
This would clear Bangladesh's "admitted" claims till March 31. With this, Adani's "claimed" dues, while still substantial, will come down to around USD 500 million (assuming Bangladesh meets its month-end commitment), they said.
Bangladesh has struggled to meet its payment obligations under the 2017 deal, as rising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil - which led to the ouster of prime minister Sheikh Hasina - strained the country's finances.
As a result, Adani had halved supply last year and full supplies were resumed in March 2025 after the country's monthly payments started covering some of the dues.
With the latest payments, Bangladesh has paid nearly USD 1.5 billion of the roughly USD 2 billion total billed amount.
Adani has reportedly agreed to waive late payment surcharge (LPS) for January-June period, amounting to about USD 20 million, if Bangladesh keeps its payment commitment.
Sources said both parties are engaged in discussion to resolve some issues related to coal cost and plant capacity calculations. These are the key reasons behind the difference between "claimed" and "admitted" dues.
When contacted, an Adani Power spokesperson confirmed the payments but didn't share details on "claimed" and "agreed" dues stating these discussions are private.
The 2017 power supply deal between Adani Power and Bangladesh had come in for scrutiny after the ouster of the Sheikh Hasina-led government last year.
Interim government, led by Nobel Peace prize laureate Muhammad Yunus, called for the formation of a high-level committee, comprising energy and legal experts, to re-examine the power purchase agreement (PPA).
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