Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Livemint
Livemint
Business

Gautam Adani to start exporting power from India to Bangladesh

Industrialist Gautam Adani meets Bangladesh Prime Minister Sheikh Hasina in New Delhi. (PTI)

Adani Power Ltd. will commission a 1.6 gigawatt facility in Jharkhand state and a dedicated transmission line for the exports by Dec. 16, Adani said in a Twitter post late on Monday after meeting Bangladesh’s Prime Minister Sheikh Hasina in New Delhi. 

The project underscores India’s push to use infrastructure as part of its diplomatic outreach to neighbors. Adani -- Asia’s richest person controlling a business empire spanning ports, infrastructure and energy -- is also involved in investments in Sri Lanka.

Bangladesh has been suffering energy shortages as the price of fuels like gas and coal surge following Russia’s invasion of Ukraine. It remains heavily dependent on imported fossil fuels for electricity, and is aiming to double its power generation capacity by 2041 to support its export-oriented economy, according to the US Department of Commerce.

Jharkhand is one of India’s biggest coal-mining regions, but the plant will mainly use fuel imported from overseas, according to a 2017 approval document from the environment ministry. 

Adani’s project has been criticized due to the high costs of transporting the coal by sea from places like Australia and South Africa and then by train to the plant.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Post your comment
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.