Lenders scramble to resolve stressed power assets before SC hearing


Lenders scramble to resolve stressed power assets before SC hearing

Lack of interest from investors in stressed power assets is forcing lenders to become more proactive in resolving at least one-third of the projects identified as stressed by the government earlier this year, according to industry sources.

Out of the 30 stressed accounts profiled in the Parliamentary Standing Committee report, a resolution is possible with regard to at least eight to nine assets in the next two to three months, several industry players who did not want to be identified told BusinessLine.

“Up to nine projects are ‘buyable’ at around 2.5-3 crore per MW. These are the only resolvable assets,” a person involved in the exercise said.  Read More

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