MoP evaluates 34 stressed TPPs with aggregate debt of Rs 1.77 trillion

The MoP has evaluated the status of 34 stressed thermal power plants (TPPs) with an aggregate debt of Rs 1.77 trillion as per the list given by the Department of Financial Services (DFS). According to the DFS, scheduled commercial banks have total advances of Rs 4.71 trillion towards the power generation sector, of which most are accounted by stranded assets. As a part of the government’s efforts to revive stranded assets, NLC India Limited is planning to take over the 1,200 MW Raghunathpur TPP in West Bengal, a stressed TPP of the Damodar Valley Corporation. The company has also shortlisted two other plants for acquisition.

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