Stressed power assets to be bid out
POWER & RENEWABLE ENERGY

Stressed power assets to be bid out

The Power Ministry has asked the Finance Ministry to bid out stressed power assets in the insolvency court through a forward e-auction. NTPC is aiming at 10 GW of the nearly 30-GW of private power plants. These plants will reportedly move to the bankruptcy court if lenders fail to finalise resolutio...

The Power Ministry has asked the Finance Ministry to bid out stressed power assets in the insolvency court through a forward e-auction. NTPC is aiming at 10 GW of the nearly 30-GW of private power plants. These plants will reportedly move to the bankruptcy court if lenders fail to finalise resolution proceedings. NTPC is planning to bid for 8,000-10,000 MW of stressed private power projects as and when they are moved to the bankruptcy court.

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