This development comes when the Union power ministry has identified 6550MW of stressed power projects available for acquisition through the National Company Law Tribunal
Union Power Ministry advises state power generation companies to look at buying stressed assets under insolvency process thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Long delays in power resolution tests bankers patience
KSK Mahanadi is a 3,600-megawatt coal-based power project and 1,200 MW of that has already been commissioned.
Synopsis
Central Bank of India last week followed Indian Overseas Bank to sell its loans to Chhattisgarh-based KSK Mahanadi Power Co, as the project has failed to find a buyer more than 15 months after it was admitted for bankruptcy proceedings.
Mumbai: Lenders to India s defunct power plants are slowly losing patience and seeking to exit their loans, as delays in finding buyers to these projects due to various issues they face impede any recovery prospects.
Central Bank of India last week followed Indian Overseas Bank to sell its loans to Chhattisgarh-based KSK Mahanadi Power Co, as the project has failed to find a buyer more than 15 months after it was admitted for bankruptcy