Adani Warns Bangladesh of Unsustainable $500mn Power Debt

• India's Adani Group has alerted Bangladesh's new government about a $500mn overdue payment crisis from a power project.
• The interim government, led by Nobel laureate Muhammad Yunus, blames costly deals under former PM Sheikh Hasina for financial woes.
• Adani continues to supply power despite rising dues, urging Bangladesh to stabilize finances with help from lenders like the World Bank.
• Bangladesh faces $3.7bn in total power liabilities, with $492mn owed to Adani alone.
• Yunus's administration plans to reintroduce competitive bidding and review past energy deals to ensure cost-effectiveness.

Source: Financial Times