PFC's power projects with 14,000 Mw capacity to go down insolvency alley

Around 14,000 Mw of projects, involving Rs 300 bn of its loan book, under IBC route and over half of them may have to be written off

State-owned Power Finance Corporation (PFC) could see around 11.4 per cent of its loan book getting into the insolvency route. This includes debt-laden thermal power projects, stranded gas and hydro power units.
 
Officials said 14,115 Mw of capacity, at an estimated Rs 300 billion exposure to PFC, will go under insolvency proceedings.
 
In fact, a total of 3,255 Mw projects, have already been taken to the National Company Law Tribunal (NCLT) by either PFC or one of the key bankers among the consortium of lenders, an official said. Rest of the projects, around 10,000 Mw, have six months