SB Khyalia

We have also received more than $500 million in payments from the Bangladesh Power Development Board for their outstanding dues at the end of June and July.

Our strategically located merchant capacity continues to enjoy significant competitive advantage in the short-term market, thus providing a market-linked upside to our earnings.

We are funding these projects mostly from our own cash flows, which removes the reliance on project lenders.

We are not keeping the entire capacity for the day-ahead market. Most of the time, it is tying up through the bilateral contracts four months ahead, two months ahead, three months ahead, sometimes even six months or a year.