Bangladesh Pays Adani to Prevent Power Blackout

Bangladesh has increased payments to Adani Power in response to severe reductions in electricity supplies, which were cut by half due to an unpaid bill of $800 million. The government has issued a $170 million letter of credit and committed to regularly scheduled payments, despite internal concerns about the reliability of the power supply amid a political crisis and ongoing foreign currency challenges. Adani Power is crucial for Bangladesh, providing 10% of electricity, and tensions have arisen due to the lack of funds to pay for energy imports. The interim government is reassessing previous energy contracts, including the one with Adani, amidst criticisms regarding past agreements which have been deemed costly.