State-run NTPC, India’s biggest power producer, is gearing up to bid for 8,000-10,000 mw of stressed private power projects when they are moved to the bankruptcy court. The company has identified eight-nine power plants and has negotiated with banks for funding, said a senior company official.
“We are ready with our war chest. Banks are willing to lend us finance for acquisition. We have a very comfortable debtequity ratio and appetite for right projects,” the official told ET on condition of anonymity.
The company will look at commissioned projects with easy spare parts availability and coal transportation facilities, he said. NTPC had in November last year invited bids from developers and lenders of stressed power plants, and had received interest from four private power projects. Read more
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