Bangladesh's crisis leaves Adani Power chasing $800 million in dues

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Bangladesh's crisis leaves Adani Power chasing $800 million in dues - Business Standard

Quick Summary:

In an interview with Bloomberg, Mansur stressed the critical nature of these payments: “If we don’t pay them, they will stop providing electricity.

The outstanding payments come at a time when the South Asian nation is reeling from weeks of violent protests that resulted in hundreds of deaths and the ousting of the previous administration earlier this month.

The power producer is currently in discussions with Bangladesh’s interim government to resolve the issue, according to sources.