Adani sets Nov 7 deadline to settle dues

Adani sets Nov 7 deadline to settle dues

Adani Power of India has said it will suspend electricity supply to Bangladesh if the government does not resolve its payment issues by November 7, according to a Times of India report
Following a reduction in power supply due to outstanding dues, Adani Power has set the deadline for the Bangladesh government to clarify the situation regarding the dues, which total nearly $850 million.
Earlier, Adani Power had set an October 31 deadline for the Bangladesh Power Development Board (BPDB) to settle the outstanding amount and provide a letter of credit (LC) of $170 million to ensure secure payment.