financetom
Business
financetom
/
Business
/
Adani Group Chairman Gautam Adani calls on Bangladesh PM in Dhaka
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Adani Group Chairman Gautam Adani calls on Bangladesh PM in Dhaka
Jul 15, 2023 11:10 AM

Adani Group Chairman Gautam Adani on Saturday called on Bangladesh Prime Minister Sheikh Hasina in Dhaka.

Share Market Live

NSE

His visit follows the commencement of power supply to the neighbouring nation from the Group's ultra-supercritical thermal power plant (USCTPP) in Godda, Jharkhand, Adani Group said in a statement on Saturday.

Adani Power Ltd (APL) started exporting power to Bangladesh from its 1,600 MW power project on April 10, 2023.

In a statement issued here, Adani Group said its "Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka on Saturday following the full load commencement of power supply to Bangladesh from the Group's Ultra Super-Critical Thermal Power Plant in Godda, India".

The Godda USCTPP marks the Adani Group's entry into transnational power projects. It is India's first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation, it said.

"Honoured to have met Bangladesh PM Sheikh Hasina on full load commencement and handover of the 1600 MW Ultra Super-Critical Godda Power Plant. I salute the dedicated teams from India and Bangladesh who braved COVID to commission the plant in a record time of three-and-a-half years," Adani tweeted after meeting the Bangladesh PM.

The electricity supplied from Godda will replace costly power generated in Bangladesh using liquid fuel. The power will be supplied continuously at a competitive tariff, the statement said.

The Godda plant will supply 1,496 MW under the power purchase agreement (PPA) signed with the Bangladesh Power Development Board for a period of 25 years via a 400 kV dedicated transmission system connected to the Bangladesh grid. The PPA was executed in November 2017.

On April 6, the first unit of 800 MW capacity of the Godda plant in Jharkhand began commercial operations. The second unit, also of 800 MW capacity, followed on June 26.

Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India.

The company has an installed thermal capacity of 15,210 MW, spread across Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh and Madhya Pradesh, apart from a 40 MW solar power plant in Gujarat.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brazil's BRF confident bird flu crisis will be over soon
Brazil's BRF confident bird flu crisis will be over soon
Jun 5, 2025
SAO PAULO (Reuters) - Brazilian food processor BRF is confident local companies will be able to circumvent chicken trade bans in a matter of days as local authorities have so far been able to control a bird flu outbreak in the world's largest chicken-exporting nation. Speaking at an industry event in Sao Paulo on Thursday, BRF's vice president for quality,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Suzano's deal with Kimberly-Clark was on dependent on JV, says CEO
Suzano's deal with Kimberly-Clark was on dependent on JV, says CEO
Jun 5, 2025
SAO PAULO, June 5 (Reuters) - Brazilian pulp maker Suzano preferred to pursue a joint venture model with Kimberly-Clark ( KMB ) as it would enable a combination of complementary competencies, mitigate risks and have minimal impact on its leverage ratio, CEO Beto Abreu told Reuters on Thursday. Earlier in the day, Suzano said in a securities filing it has...
Anduril secures $30.5 billion valuation in latest fund raise
Anduril secures $30.5 billion valuation in latest fund raise
Jun 5, 2025
(Reuters) -Defense technology startup Anduril Industries has clinched a valuation of $30.5 billion in its latest funding round where it raised $2.5 billion, the company said on Thursday. This round more than doubled the Palmer Luckey-founded company's valuation, from $14 billion last year when it raised $1.5 billion. The development confirms a Reuters report from February, which said Anduril was...
Copyright 2023-2025 - www.financetom.com All Rights Reserved