$15 billion worth of coal power plants are on sale in India but nobody wants to buy them

$15 billion worth of coal power plants are on sale in India but nobody wants to buy them

Billions of dollars worth of coal-fired power plants are on the block in India but no one seems to want to touch them with a bargepole at the moment.

Although an exact number is hard to find, analysts estimate that up to 30,000 megawatts (MW) of thermal power capacity may be up for grabs as debt-laden Indian companies look to trim the fat and focus on profitable businesses. On June 05, a report in the Business Standard newspaper (paywall) put the figure at 25,000 MW, including assets of companies such as Jaiprakash Associates, Lanco Infratech, and KSK Energy. Read More…

 

 

 

Credit By: Quartz

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