Bangladesh: These power companies will face problems due to fire in Bangladesh

Bangladesh: After the removal of Sheikh Hasina from the post of Prime Minister on August 5, the situation in Bangladesh is getting worse. There are concerns that this could disrupt the operations of some Indian power companies that maintain Bangladesh's power supply. Bangladesh is heavily dependent on India for electricity, with major players like NTPC, PTC India, Semcorp Energy India and Adani Power playing key roles. With this situation, people are worried about what will happen to these Indian companies and their work in Bangladesh. India supplies electricity to Bangladesh Bangladesh gets 12% of its electricity needs from India through companies like Adani Power, NTPC, Semcorp Energy and PTC India. Major electricity suppliers in the country are subsidiaries of NTPC, PTC India, Semcorp Energy India and Adani Power. A few days back, NTPC completed construction of a 1320 MW plant in Bangladesh. If the situation in Bangladesh does not improve, power plants and traders will face challenges, leading to renegotiation or neutralization of contracts with Adani Power. Despite potential short-term disruptions, brokerage firms are not overly concerned about the situation from a medium to long-term perspective. Also Read: Mukesh Ambani: 42,000 jobless from Reliance Industries, so companies won't face any problem No significant impact on NTPC's profitability. There will not be much impact on the electrical system. 100 crore revenue from NTPC Bangladesh in July-June 2023. Commenting on the Bernstein report, Shakriya Prakash, managing partner, RSB LLP, said power distribution companies like NTPC and Adani play a minor role in NTPC's operations and changes in power purchase agreements are subject to state-level norms. Despite the current unrest in Bangladesh, the country is unlikely to disrupt its electricity supply contracts. Also Read: Is The Rs 500 Note In Your Purse Fake? RBI gives tips to identify The post Bangladesh: These power companies face problems due to fire in Bangladesh appeared first on Prabhat Khabar.