The company also expressed optimism that the ongoing arbitration with the Bangladesh Power Development Board (BPDB) over a few minor billing-related issues will be resolved soon.
The remarks were made by Adani Power Managing Director Anil Sardana during the company's recent Annual General Meeting (AGM), according to a report published by The Hindu BusinessLine.
Sardana stated that the 1,600 MW Godda Thermal Power Plant continues to supply electricity to Bangladesh without interruption and that the long-term Power Purchase Agreement (PPA) remains commercially stable.
Regarding outstanding payments, he noted that significant progress has been made over the past year in recovering receivables.
According to BPDB sources, both parties mutually acknowledge outstanding dues exceeding US$400 million. However, Adani Power is reportedly claiming a higher amount, and discussions are ongoing to determine the final value of the disputed balance.
"Bangladesh has already cleared a substantial portion of the outstanding dues and continues to honor its commitment by making payments on a regular basis," Sardana said. "The phased repayment of arrears clearly demonstrates the country's commitment to the commercial agreement."
Adani Power's Annual Report for the fiscal year 2025-26 also stated that the company has recovered a significant portion of its receivables from BPDB, including delayed payment charges, and remains confident that the remaining dues will also be settled gradually.
The Godda Power Plant continues to play a vital role in ensuring reliable electricity supply to Bangladesh under the cross-border power trade agreement. As the country faces increasing industrial electricity demand and domestic fuel constraints, imported power from India has become an important source of energy in recent years.
According to BPDB data, the Godda plant currently supplies approximately 10 to 12 percent of Bangladesh's total electricity demand and meets as much as 25 percent of the peak electricity demand in the country's northern region.
Meanwhile, both Adani Power and BPDB have initiated the appointment of an independent expert through the Singapore International Arbitration Centre (SIAC) to resolve their ongoing contractual dispute. Representatives from both sides have already been nominated, and the appointment agreement has been finalized.
Clarifying the nature of the arbitration, Sardana emphasized that the dispute is limited to a few technical issues related to imported fuel pricing and benchmark indices and has no impact on the overall electricity supply.
"The matters under arbitration are very limited in scope, and we are confident that they can be resolved quickly," he said.
The Godda Power Plant is the first project developed under the India-Bangladesh Cross-Border Electricity Trade Guidelines. The plant comprises two generating units of 800 MW each, with its entire electricity output supplied exclusively to Bangladesh under a long-term Power Purchase Agreement (PPA).