Adani Power increases electricity exports to Bangladesh
Adani Power increased electricity exports to Bangladesh by 38% YoY to 2.25 billion kWh in Q4 2023, now comprising 15.6% of Bangladesh's power mix. This growth occurs despite worsening diplomatic relations between the two countries.
pre-market1 source ↓written by the desknot a recommendation
- Godda plant rising
- 38% annually
- in Q4 2023
- 2.25 billion kWh
- of Bangladesh's power
- 15.6%
- in 2024
- 12%
Adani Power has boosted electricity exports to Bangladesh, with shipments from its Godda plant rising 38% annually to 2.25 billion kWh in Q4 2023. This surge has led Indian exports to constitute 15.6% of Bangladesh's power mix, up from 12% in 2024, despite deteriorating diplomatic relations. ⚡💼
The ongoing electricity trade highlights resilience amid geopolitical tensions, with both nations facing challenges in their diplomatic ties, including visa suspensions and envoy summons.
Immediate market implications may arise from these developments as energy demand in Bangladesh continues to grow.
Not investment advice. For informational purposes only.