Anil Ambani led Reliance Power to bid for stressed power projects


Anil Ambani led Reliance Power to bid for stressed power projects

Reliance Power (RPower) plans to take an inorganic path for growing its business. The company will bid for stressed thermal power projects, take up operation and maintenance (O&M) of troubled power plants and also provide mine development services.

As many as 34 power projects or around 40 gigawatt (gw) of capacity has been categorised as non-performing assets (NPAs), of which several are headed to the National Company Law Tribunal (NCLT) for resolution.

A report on stressed assets in the electricity sector tabled in the Parliament shows that the total outstanding debt with around 34 stressed power generating projects stood at around Rs 1.74 lakh crore as of June 2017, citing Reserve Bank of India (RBI) data.

Besides these 34 projects, around 24 gw of gas-based power plants are shut due to non-availability of fuel, putting investments to the tune of about Rs 1.2 lakh crore at stake. Read More

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