State Bank of India and Jaypee put bids to sell power projects to NTPC

In the past five years, except two state distribution companies, none have floated tenders for additional power procurement

NTPC’s tender to purchase stressed power assets has got four big-ticket bids — three from the country’s largest lender State Bank of India (SBI) and the other by debt-laden Jaypee group.
 

SBI, which has a high exposure of Rs 30,000 crore to stressed power units, has put bids for the 1,988-Mw Bara plant (Jaiprakash Power Ventures), the 1,980-Mw Lalitpur plant (Bajaj Hindusthan Sugar), and the 1,200-Mw Angul plant (B C Jindal). The SBI is the key lender to all these units. The Jaypee group has put a bid to sell its 1,320-Mw Nigrie power unit.
 

The state-owned thermal power giant