MoP evaluates status of 34 stressed TPPs

The Ministry of Power (MoP) has evaluated the status of 34 stressed thermal power plants (TPPs) with an aggregate debt of Rs 1.77 trillion as per a list given by the Department of Financial Services (DFS). According to DFS data, scheduled commercial banks have total advances of Rs 4.71 trillion towards the power generation segment, of which most are stranded assets. As part of the government’s efforts to revive stranded assets, NLC Limited is planning to take over the 1,200 MW Raghunathpur TPP in West Bengal, a stressed TPP of the Damodar Valley Corporation. The former has also shortlisted two other plants for acquisition.

 

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