13 Entities Show Interest In NTPC’s Tender To Buy Out Stressed Assets

13 Entities Show Interest In NTPC’s Tender To Buy Out Stressed Assets

Thirteen entities, including private power companies and banks have evinced interest in a tender floated by NTPC, the country’s largest power producer, seeking buyout of stressed assets, people aware of the development said.

These entities have bought the bid document and are expected to offer their stressed assets to NTPC, the persons cited earlier said, adding that at the request of these entities, NTPC has extended the deadline for submission of applications by four weeks.

There are 34,000 MW of stressed assets in the power sector, including those of Essar Power, GMR Infrastructure, GVK Infra, DB Power and Abhijeet Power, and most of the coal-based plants of these assets may explore the NTPC buyout plan, industry executives said, requesting anonymity. Read More…

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