Bangladesh halves power purchase from Adani Group

BANGLADESH HAS HALVED the power it buys from neighboring Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.

- KRISHNAN DAS

Adani, whose founder has been accused by US authorities of being involved in a bribery scheme in India, charges which he has denied, halved supply to Bangladesh on October 31 over payment delays as the country battles a foreign exchange shortage.

Subsequently, Bangladesh told Adani to keep supplying only half the power for now, officials said, although it will keep paying its old dues.