The Adani Group is currently looking for options to sell power from its Adani Godda power plant to various other countries. This project has been under stress mainly because of various political changes in Bangladesh and non-payment of dues. By selling power from the plant, the Adani Group will be able to ensure that the operations of the Godda power plant are not discontinued. The global conglomerate will also be able to ensure that the other countries are also able to meet their growing power demands with the power supplied by the plant.
Adani’s Decision To Sell Power To The Neighbouring Countries:
The power off-take from the Adani Godda power plant in Jharkhand has been reduced significantly over the past few years mainly because of the political turmoil that has been existing in the country. So, taking the current situation into account, Adani Power is planning to sell the power produced from the plant to neighbouring countries such as Sri Lanka. However, for that, it will have to get the required consent from the Bangladesh authorities. The Adani Power Jharkhand plant is a project dedicated to Bangladesh. However, the project has been under extreme distress mainly because of the political turmoil in Bangladesh.
So, to sustain projects like this, the Indian government has recently allowed companies to sell power in the domestic markets as well. However, the Adani Group will have to set up a fresh transmission network in order to do so. The current network is dedicated to transporting power to Bangladesh only. While selling power to Sri Lanka may not be an issue as far as the Indian regulations are concerned, approval from Bangladesh may be required before power supply can begin in the country.
As per Mohammed Fouzal Kabir Khan, the advisor for the Ministry of Power, Energy, and Mineral Resources in the Bangladesh government, for the Adani Group to sell power to Sri Lanka from the Adani Godda power plant, a consent from the Bangladesh Power Development Authority is required.
The Non-Payment Of Dues From The Bangladesh Government:
The Bangladesh government has been defaulting in its payment of dues to the Adani Group for the power purchase from the Adani Godda power plant. The country still owes the Adani Group several hundreds of millions of dollars. However, the exact amount is still under dispute between the Adani Group and the Bangladesh government. Because of the non-payment of dues, the Adani Group was compelled to reduce the quantum of power supply from the plant to Bangladesh. As per recent reports, the demand for power from Bangladesh as a whole has also fallen. This has reduced the off-take from the plant. As per sources, the Adani Group is planning to sell the additional power in the Indian Energy Exchange.
An Overview Of The Adani Godda Power Plant:
The Adani Godda power plant happens to be one of the most crucial projects taken up by the Adani Group in the power sector. Adani Power Limited which is a part of the diversified Adani Group announced the commissioning of its first 100 MW ultra supercritical thermal power plant at Godda in the Jharkhand district of India. The company began supplying Bangladesh with 748 MW of power. With this power plant becoming operational, the electricity supply demands in Bangladesh were significantly reduced. The country was also able to replace the expensive power generated from liquid fuel. This brought down the average cost of power purchased.
The Adani Godda power plant has also been a strategic asset in the India-Bangladesh’s long-standing relationship. This power plant has a total of 2 units each with a capacity of 800 MW. The power supplied by this plant has helped Bangladesh in carrying out various industrial activities and building itself a highly dynamic business ecosystem. Bangladesh also became more competitive in the dynamic business sector. The thermal power plant is also environmentally friendly in nature. It is the first power plant which started its operations from day 1 with 100% Flue Gas Desulfurization, SCR and Zero Waste Discharge.
Conclusion:
The Adani Godda power plant stands out as one of the most remarkable ventures taken up by the Adani Group in the power sector. With the operationalisation of this project, Bangladesh’s power demands were significantly met. Once the dues are cleared, it is expected that the Adani Group will once again continue to supply power to Bangladesh ensuring that the country is able to carry out its power-related activities smoothly.
