Adani now allowed to sell Bangladesh-bound power in India
4 months, 1 week ago

Adani now allowed to sell Bangladesh-bound power in India

The Hindu  

An Adani Power coal-fired power plant under contract to sell all its output to Bangladesh can now supply the domestic market after an 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 Godda plant in eastern Jharkhand state - is under contract to export 100% of its power to a neighbouring country. 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". On Tuesday, an Adani Group spokesperson said the amendment would help increase the overall availability of power in India, and "help cater to the soaring electricity demand across the country."

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