Adani Power is staring at $800 million in unpaid dues from Bangladesh, where weeks of violent protests left hundreds dead and forced out the previous administration this month, according to a Bloomberg report.

Abu Zafar Ahmed, a farmer of Mohanpur village under Godagari upazila, has been cultivating guava on eight bighas of land for the last couple of years.

Transport Lock, a part of the nuclear fuel handling system for unit 2 of the Rooppur Nuclear Power Plant (RNPP), has been delivered to the construction site.

The energy advisor has stated on the first day of joining office that the Speedy Supply of Power and Energy (Special Provision) has been put on hold with the promise of not raising tariffs on energy prices and alongside bringing past contracts under review.

Interim government’s power, energy and mineral resources Adviser Muhammad Fouzul Kabir Khan addresses a meeting with a delegation of ADB, led by ADB Country Director in Bangladesh Edimon Ginting, at the ministry in Dhaka on Thursday

A file photo of Adviser Dr M Fauzul Kabir Khan speaking to the media

In addition to mega projects, the government had sought budgetary support to address economic challenges made worse by the Covid pandemic and the Russia-Ukraine war.

Indian oil and gas exploration company ONGC Videsh Ltd (OVL) is set to abandon its hydrocarbon exploration efforts in two Bangladeshi offshore gas blocks after a decade of operations.

State-run Petrobangla owes Chevron Bangladesh about $260 million in unpaid dues for purchasing gas from its Bibiyana and other gas fields, official sources said,

Bangladesh Bank has increased its supply of foreign currency to the Energy and Mineral Resources Division to continue its import of petroleum fuels and gas from abroad and also from locally operating foreign companies.

The government will prepare a white paper on the state of the economy so that strategic steps can be taken to stabilise the economy, reach the SDGs, and mitigate the challenges after Bangladesh graduates from the LDC grouping.

Enhanced productivity and a shift towards automation and higher-value products are key to future success

Khondaker Mokammel Hossain, member (production) of the Bangladesh Power Development Board, confirmed that both units of the plant are now operational

Bangladesh Bank has increased its supply of foreign currency to the Energy and Mineral Resources Division to continue its import of petroleum fuels and gas from abroad and also from locally operating foreign companies, reports UNB.

The costly power from Adani’s 1,600MW coal power plant in India is one of the many reasons why Bangladeshis are paying significantly higher rates to use electricity in recent years