Trade
4 months ago

Adani allowed to sell Bangladesh-bound power in India

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An Adani Power coal-fired power plant under contract to sell all its output to Bangladesh can now supply the domestic market afteran amendment to India's power export rules, helping the company hedge against political risks in Bangladesh.

An internal federal power ministry memo, dated Aug 12 and seen by Reuters, amends 2018 guidelines governing generators supplying electricity "exclusively to a neighbouring country". Currently only one plant in India - Adani Power's 1,600 megawatt (MW) Godda plant in eastern Jharkhand state - is under contract to export 100% of its power to a neighbouring country, reports Reuters.

The memo says "the government of India may permit connection of such generating station to the Indian grid to facilitate sale of power within India in case of sustained non-scheduling of full or part capacity".

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