-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
India's state-run utility NTPC is closely watching bad power plants
operated by Jaiprakash Power Ventures and RattanIndia Power.
The NTPC will conduct an internal assessment
of the RattanIndia power plants in Amravati and Nashik in Maharashtra and the Jaiprakash power plant in Nigrie in Madhya Pradesh.
If creditors of the two utilities take the plants to bankruptcy court, NTPC will consider bidding to acquire the assets
.
According to the regulations, banks are prohibited from filing any cases
related to the bankruptcy of bankruptcy loan defaulted power companies.
If the Supreme Court decides to lift the moratorium originally scheduled for a hearing on November 28, 2018, it seems likely that some of the highlighted power projects could be implemented
in bankruptcy court.
The Supreme Court told banks in September to uphold bankruptcy proceedings against such power companies
.
In addition, the report shows that 34 power assets in India remain under pressure, with a cumulative capacity of 40,130 MW
.
As of March this year, the power sector's lending exposure stood at $78 billion (about Rs 565 million), including debt
deemed overdue under the new rules.
NTPC's acquisition of these plants will reduce its cost compared to the cost of building new plants
.
Jaiprakash's plant in Nigrie has an installed capacity of 320 MW and the two plants in RattanIndia have a combined installed capacity of 2700 MW
.
According to industry experts, the acquisition can indicate a shift in the company's strategy, as the company usually does not improve its competitiveness to increase capacity
.
According to compiled data, the company had a cash balance of about $616 million (about Rs 44 million) as of March 31 and the company also has the ability to raise the necessary funds
for the acquisition.
:/, please indicate the source for reprinting)
India's state-run utility NTPC is closely watching bad power plants
operated by Jaiprakash Power Ventures and RattanIndia Power.
The NTPC will conduct an internal assessment
of the RattanIndia power plants in Amravati and Nashik in Maharashtra and the Jaiprakash power plant in Nigrie in Madhya Pradesh.
If creditors of the two utilities take the plants to bankruptcy court, NTPC will consider bidding to acquire the assets
.
According to the regulations, banks are prohibited from filing any cases
related to the bankruptcy of bankruptcy loan defaulted power companies.
If the Supreme Court decides to lift the moratorium originally scheduled for a hearing on November 28, 2018, it seems likely that some of the highlighted power projects could be implemented
in bankruptcy court.
The Supreme Court told banks in September to uphold bankruptcy proceedings against such power companies
.
In addition, the report shows that 34 power assets in India remain under pressure, with a cumulative capacity of 40,130 MW
.
As of March this year, the power sector's lending exposure stood at $78 billion (about Rs 565 million), including debt
deemed overdue under the new rules.
NTPC's acquisition of these plants will reduce its cost compared to the cost of building new plants
.
Jaiprakash's plant in Nigrie has an installed capacity of 320 MW and the two plants in RattanIndia have a combined installed capacity of 2700 MW
.
According to industry experts, the acquisition can indicate a shift in the company's strategy, as the company usually does not improve its competitiveness to increase capacity
.
According to compiled data, the company had a cash balance of about $616 million (about Rs 44 million) as of March 31 and the company also has the ability to raise the necessary funds
for the acquisition.
:/, please indicate the source for reprinting)
/
