Adani Power reiterated its commitment to supplying electricity to Bangladesh, confirming that an amendment to power export rules in India would not affect its existing contracts.
The Indian government's recent rule change facilitates connectivity to the Indian grid, but does not obligate India to purchase the electricity, reports Reuters citing a company statement.
Adani Power emphasised its intent to meet the Bangladesh Power Development Board's demand schedule under the power purchase agreement.
The company's 1,600 MW Godda plant in Jharkhand is unique in India for its contract to export 100 per cent of its power to a neighboring country.
The amendment, which applies to generators supplying electricity exclusively to a neighboring country, allows Adani to also supply electricity domestically to mitigate political risks in Bangladesh.
The rule change coincides with political turmoil in Bangladesh, marked by protests and the departure of longtime prime minister Sheikh Hasina.
