25,000-Mw thermal power projects on sale, but buyers missing

Another mega NPA list may be in the making for lenders

About 25,000-Mw capacity in thermal power is on sale but finding buyers is posing a challenge.

Most promoter companies of the projects — some operational and others still under development — want to exit to lighten their debt.

Among the projects looking for buyers are the commissioned units of Jaiprakash Associates (1,820 Mw), Lanco Infratech (3,800 Mw) and KSK Energy (3,600 Mw). Some units of GMR Energy, DB Power, Rattan India, Avantha and Athena are also on the block. 

Sources said the projects in question were “ready to be fired up” but no state power distribution company was floating tenders