Insolvency process: Banks put 4 mega power projects on the block

Several ARCs, the Tatas, JSW and the Adani group expected to bid for these

Indian lenders have put several large electricity generation and transmission projects — including KSK Mahanadi, Lanco Anpara Power, Lanco Amarkantak Power and South East UP Power Transmission — up for sale. This is because the March-end deadline to close the sale of these projects under the insolvency process is not far away.

Several asset reconstruction companies (ARCs), the Tatas, JSW and the Adani group are expected to bid for these projects and lenders are hopeful of finding a buyer in the current round.

The replacement cost of power projects is around Rs 5 crore per megawatt (Mw). However, lenders said, in the