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JHABUA POWER PLANT
Power sector lenders weigh takeover of stressed assetsPower sector financiers Power Finance Corporation (PFC) and REC Ltd had earlier discussed the possibility of creation of an asset managemen...
NTPC in talks with banks to rescue ₹30,000 crore debt-laden KSK Mahanadi PowerThe state-owned power giant is looking at a collaboration with banks to rescue KSK Mahanadi Power, a holding company which houses the plant...
Avantha Power lenders ink Jhabua Plant deal with NTPCLenders to the Avantha Group’s 600 MW distressed Jhabua power plant have come to an agreement with the state-owned National Thermal Power C...
NTPC’s Jhabua Power bid hits NPA tag hurdleThe state-owned power giant that accounts for a fourth of India’s energy generation has made a ₹1,900 crore offer for Madhya Pradesh-based ...
Lenders of Jhabua power plant are locked in tough negotiations with NTPCThe bone of contention is the right over the Rs 400 crore earnings before interest tax and amortisation (EBITDA) that the distressed compan...
NTPC outbids Adani for Avantha’s MP plantNTPC’s offer is the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector.
Adani, NTPC in fray to acquire Avantha’s stressed power plantThis is the first time NTPC, the country’s largest power producer, has bid for any stressed project, while Gautam Adani-led Adani Power is ...
JSW, Adani, others express interest in Avantha Power armJSW, Adani Power, NTPC, Tata Power-backed Resurgent Power and Singapore-based investors to participate in the bidding of Avantha Group’s Jh...
Power ministry for forward e-auction of stressed assets in NCLTProblems in authentic valuation of stressed projects had earlier forced NTPC to abandon a proposal to acquire some of the troubled plants.
PTC India to ink PPAs with 7 firms, 5 states for 1,900MW by Oct endAfter this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs a...
NTPC may bid for 8-9 stressed private power companiesNTPC looks to invest in 8,000-10,000 MW of projects once they are moved to bankruptcy court.
Banks may not take a decision on stressed power plants by October 15In most resolution proceedings, banks have finalised the bidders but could not finalise deals due to resistance from 15-20% lenders.
Power projects heading to NCLT may get to retain fuel supply pactsA high-level empowered committee considered these special dispensations to the troubled projects to help their lenders recover a fair value.
Banks line up sale of KSK, Avantha plants; Adani, Vedanta frontrunnersThe KSK Mahanadi plant owes around Rs 18,551 crore to domestic lenders.
BHEL commissions 600 MW thermal power plant in Madhya Pradesh"The unit has been commissioned at the 1x600 MW Jhabua Thermal Power Project (TPP) located in Seoni district in Madhya Pradesh," BHEL said ...
NTPC may invest in GVK, Essar and Avantha plantsThe power producer had also shown interest in and seriously appraised debt-laden power and infrastructure major Lanco's coalbased power pla...
- McNally Bharat bags orders worth Rs 104 crore
McNally Bharat Engineering today said it has bagged orders worth 104 crore from three firms, including Neyveli Lignite Corporation.