Stressed power assets: Bankers see December-end resolution of 4 plants


Stressed power assets: Bankers see December-end resolution of 4 plants

Bankers are hoping to resolve at least four troubled power plants by end-December, even as as the Supreme Court resumes the hearing on stressed power assets on Wednesday. Among those units for which bankers are expecting to find buyers is the GMR Chhattisgarh Energy.

According to persons in the know, Adani Power is a frontrunner for this unit, having reportedly offered to take over Rs 3,800 crore of sustainable debt but the Gujarat government-owned genco is also understood to have thrown its hat in the ring.

Bankers said they were working to restructure the debt of GMR Rajamundry Energy, a gas-based power plant.  Read More

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