Bangladesh halves power buying from Adani Power amid payment dispute

Adani, whose founder has been accused by U.S. authorities of being involved in a bribery scheme in India, charges which he has denied, halved supply to Bangladesh on Oct. 31 over payment delays as the country battles a foreign exchange shortage.

Subsequently Bangladesh told Adani to keep supplying only half the power for now, officials said, although it will keep paying its old dues.

"We were shocked and angry when they cut our supply," said Md. Rezaul Karim, chairperson of the state-run Bangladesh Power Development Board (BPDB). "Winter demand is now down, so we have told them there is no need to run both units of the plant."