The MoP is in the process of formulating a plan along with financial institutions and NTPC Limited to bail out stressed thermal power projects (TPPs). While banks will take over stressed power assets, NTPC has offered to operate them. The plan is still at an early stage and might involve the promoter’s equity to be reduced along with the banks and the financial institutions taking a haircut. Besides, a committee is expected to be set up to work out the modalities. As per industry estimates, about 25,000 MW of thermal power capacity is on sale, but finding buyers is a major challenge.