Lok Sabha Question No. 4915 (UNSTARRED), answered on 2021-03-25
Subject: Protection of Stressed Power Projects
Ministry: POWER
Asked by: Arvind Ganpat Sawant, Gajanan Chandrakant Kirtikar, Anurag Sharma

## GOVERNMENT OF INDIA

## MINISTRY OF POWER

## LOK SABHA UNSTARRED QUESTION NO.4915 TO BE ANSWERED ON 25.03.2021

## PROTECTION OF STRESSED POWER PROJECTS

4915.  SHRI ARVIND GANPAT SAWANT: SHRI GAJANAN KIRTIKAR: SHRI ANURAG SHARMA:

Will the Minister of POWER be pleased to state:

- (a) whether the Government has identified the stressed power projects of private companies  and  if  so,  the  details  thereof  including  the  amount  involved  therein, project, capacity and State/UT-wise;
- (b) whether the Government has taken steps to protect and rescue the stressed power plants in the country and if so, the details thereof;
- (c) whether the Government has issued any instruction to regulators asking them to abstain from lowering tariffs of stressed plants and if so, the details thereof; and
- (d) whether the Government has come up with Scheme of Asset Management and Debt  Change  Structure  (SAMADHAN)  to  propose  sale  or  takeover  of  the  stressed assets of the power plants to prevent their liquidation and if so, the details thereof?

## A N S W E R

THE MINISTER OF STATE (INDEPENDENT CHARGE) FOR POWER, NEW & RENEWABLE ENERGY AND THE MINISTER OF STATE FOR SKILL DEVELOPMENT & ENTREPRENEURSHIP

(SHRI  R.K. SINGH)

(a) : Department of Financial  Services  (DFS)  on  22.03.2017  had  provided  a list  of  34  coal  based  Thermal  Power  Projects  (TPP)  (mostly  private),  totalling  to 40,130 MW which were considered 'Stressed' by DFS. Status of these 34 TPP under stress is as follows:

- i. 15 projects with a total capacity of 17,890 MW have been resolved,
- ii. 12 projects with a total capacity of 14,830 MW are at various stages of resolution, and
- iii. 7 projects with a total capacity of 7,410 MW are at very initial stage of construction  and  are  totally  stalled.  Such  projects  have  either  been ordered to be liquidated or heading towards liquidation.

……..2.

2. Details of stressed projects State-wise are given at Annexure.

(b) : A  High  Level  Empowered  Committee  (HLEC)  was  constituted  by  the Government on 29.07.2018 to address the issues of Stressed Thermal Power Projects and submitted its report on 12.11.2018.

2. The  recommendations  of  the  HLEC  were  examined  by  a  Group  of Ministers  (GoM),  which  in  turn  made  recommendations  regarding  stressed power projects. On 07.03.2019, the Government approved the recommendations of Group of Ministers (GoM).  The recommendations of GoM approved by the Government are as below:

- I. Grant of linkage coal for short-term Power Purchase Agreement (PPA).
- II. Allowed existing coal linkage to be used in case of termination of PPAs due to payment default by DISCOMs.
- III. Procurement  of  bulk  power  by  a  nodal  agency  against  pre-declared linkages.
- IV. Central/State Gencos may act as an aggregator of power.
- V. Increase  in  quantity  of  coal  for  special  forward  e-auction  for  power sector.
- VI. Coal linkage auctions to be held at regular intervals.
- VII. Non-lapsing of short supplies of coal.
- VIII. Annual Contracted Quantity (ACQ) to be determined based on efficiency.
- IX. Payment of Late Payment Surcharge (LPS) has been made mandatory.
- X. Non-cancellation  of  Power  Purchase  Agreement  (PPA)/Fuel  Supply Agreement  (FSA)/ Long  Term  Open  Access  (LTOA)  post  National Company Law Tribunal (NCLT) scenario.
- XI. Non-cancellation  of  PPA  for  non-compliance  of  Commercial  Operation Date (COD).

(c) : No, Sir.

(d) : No,  Sir.  A  scheme  of  Asset  Management  and  Debt  Change  Structure (SAMADHAN)  was  conceived  and  proposed  by  State  Bank  of  India  (SBI)  for  the purpose  of  resolution  of  stressed  assets  in  power  sector  in  a  transparent  price discovery process with an aim to maximize recovery efforts from such assets.

***************

## ANNEXURE

## ANNEXURE REFERRED TO IN REPLY TO PART (a) OF UNSTARRED QUESTION NO.   4915 TO BE ANSWERED IN THE LOK SABHA ON 25.03.2021 **************

## Status of the Stressed Projects

| Sl. No.                             | Name of the Project                                                    | State                                                                  | Capacity                                                               | Commissioned                                                           |
|-------------------------------------|------------------------------------------------------------------------|------------------------------------------------------------------------|------------------------------------------------------------------------|------------------------------------------------------------------------|
| I                                   | Projects Resolved                                                      | Projects Resolved                                                      | Projects Resolved                                                      | Projects Resolved                                                      |
| 1                                   | DVC Raghunathpur                                                       | West Bengal                                                            | 1200                                                                   | 1200                                                                   |
| 2                                   | Kanti Bijli Utpadan Nigam Limited - NTPC                               | Bihar                                                                  | 390                                                                    | 390                                                                    |
| 3                                   | Adani Power Maharashtra Limited                                        | Maharashtra                                                            | 3300                                                                   | 3300                                                                   |
| 4                                   | Adhunik Power Limited                                                  | Jharkhand                                                              | 540                                                                    | 540                                                                    |
| 5                                   | GMR Warora Energy Limited                                              | Maharashtra                                                            | 600                                                                    | 600                                                                    |
| 6                                   | DB Power Limited                                                       | Chhattisgarh                                                           | 1200                                                                   | 1200                                                                   |
| 7                                   | Korba West Power Company Limited                                       | Chhattisgarh                                                           | 600                                                                    | 600                                                                    |
| 8 Lanco/Anpara                      | UP                                                                     |                                                                        | 1200                                                                   | 1200                                                                   |
| 9 GMR                               | Chhattisgarh                                                           | Chhattisgarh                                                           | 1370                                                                   | 1370                                                                   |
| 10 SKS                              | Power Ltd.                                                             | Chhattisgarh                                                           | 1200                                                                   | 600                                                                    |
| 11                                  | Jaypee Bina MP                                                         | MP                                                                     | 500                                                                    | 500                                                                    |
| 12 Jaypee Nigrie                    | MP                                                                     |                                                                        | 1320                                                                   | 1320                                                                   |
| 13                                  | GMR Kamalanga Limited                                                  | Odisha                                                                 | 1050                                                                   | 1050                                                                   |
| 14 Prayagraj Power Corp. Ltd.       | Generation                                                             | UP                                                                     | 1980                                                                   | 1980                                                                   |
| 15                                  | RKM Powergen Limited                                                   | Chhattisgarh                                                           | 1440                                                                   | 1440                                                                   |
|                                     | Total                                                                  |                                                                        | 17890                                                                  | 17290                                                                  |
| II                                  | Projects likely to be resolved/can be resolved (under NLCT or outside) | Projects likely to be resolved/can be resolved (under NLCT or outside) | Projects likely to be resolved/can be resolved (under NLCT or outside) | Projects likely to be resolved/can be resolved (under NLCT or outside) |
| 1 Essar Power                       | Mahan Limited MP                                                       |                                                                        | 1200                                                                   | 1200                                                                   |
| 2 Rattan India Power                | Limited - Nashik                                                       | Maharashtra                                                            | 1350                                                                   | 1350                                                                   |
| 3 Athena Chhattisgarh Power Limited |                                                                        | Chhattisgarh                                                           | 1200                                                                   | 0                                                                      |
| 4 Coastal Energen Pvt.              | Ltd.                                                                   | Tamil Nadu                                                             | 1200                                                                   | 1200                                                                   |
| 5 GVK Goindwal Sahib Power Plant    | Punjab                                                                 |                                                                        | 540                                                                    | 540                                                                    |
| 6 Ind Barath Utkal                  | Limited                                                                | Odisha                                                                 | 700                                                                    | 339                                                                    |
| 7                                   | Jindal India Thermal Power Ltd.                                        | Odisha                                                                 | 1200                                                                   | 1200                                                                   |
| 8 Jhabua Power Ltd                  | (Avantha)                                                              | MP                                                                     | 600                                                                    | 600                                                                    |

…….2.

| 9                                                                                                 | KSK Mahanadi Power Co. Ltd.                                                                       | Chhattisgarh                                                                                      | 3600                                                                                              | 1800                                                                                              |
|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
| 10                                                                                                | Lanco Amarkantak Power Ltd.                                                                       | Chhattisgarh                                                                                      | 1320                                                                                              | 0                                                                                                 |
| 11                                                                                                | Lanco Vidarbha Power Limited                                                                      | Maharashtra                                                                                       | 1320                                                                                              | 0                                                                                                 |
| 12                                                                                                | Simhapuri Energy Limited                                                                          | AP                                                                                                | 600                                                                                               | 600                                                                                               |
|                                                                                                   | Total                                                                                             |                                                                                                   | 14830                                                                                             | 8829                                                                                              |
| III                                                                                               | Project unlikely to be resolved (Stalled/no resolution possible)                                  | Project unlikely to be resolved (Stalled/no resolution possible)                                  | Project unlikely to be resolved (Stalled/no resolution possible)                                  | Project unlikely to be resolved (Stalled/no resolution possible)                                  |
| 1                                                                                                 | East Coast Energy Pvt. Ltd. (Athena)                                                              | AP                                                                                                | 1320                                                                                              | 0                                                                                                 |
| 2                                                                                                 | Essar Power Jharkhand Limited                                                                     | Jharkhand                                                                                         | 1200                                                                                              | 0                                                                                                 |
| 3                                                                                                 | Monnet Power Co. Ltd.                                                                             | Odisha                                                                                            | 1050                                                                                              | 0                                                                                                 |
| 4                                                                                                 | Lanco Babandh                                                                                     | Odisha                                                                                            | 1320                                                                                              | 0                                                                                                 |
| 5                                                                                                 | Vandana Vidyut Limited                                                                            | Chhattisgarh                                                                                      | 270                                                                                               | 135                                                                                               |
| 6                                                                                                 | Visa Power Limited                                                                                | Chhattisgarh                                                                                      | 1200                                                                                              | 0                                                                                                 |
| 7                                                                                                 | KVK Nilanchal Power Limited                                                                       | Odisha                                                                                            | 1050                                                                                              | 0                                                                                                 |
|                                                                                                   | Total                                                                                             |                                                                                                   | 7410                                                                                              | 135                                                                                               |
|                                                                                                   | Grand Total                                                                                       |                                                                                                   | 40130                                                                                             | 26254                                                                                             |
| N.B. the above data is prepared from various sources and hence tentative/ subject to verification | N.B. the above data is prepared from various sources and hence tentative/ subject to verification | N.B. the above data is prepared from various sources and hence tentative/ subject to verification | N.B. the above data is prepared from various sources and hence tentative/ subject to verification | N.B. the above data is prepared from various sources and hence tentative/ subject to verification |

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