Lok Sabha Question No. 1962 (UNSTARRED), answered on 2022-07-28
Subject: Status of Stressed Power Projects
Ministry: POWER
Asked by: Gopal Chinayya Shetty

## GOVERNMENT OF INDIA MINISTRY OF POWER LOK SABHA UNSTARRED QUESTION NO.1962 ANSWERED ON 28.07.2022

## STATUS OF STRESSED POWER PROJECTS

†1962. SHRI GOPAL CHINNAYA SHETTY:

Will the Minister of POWER be pleased to state:

(a) whether  the  Government  has  identified  various  stressed  power  projects  in public and private sector;

(b) if so, the details thereof State/UT, company and project/capacity-wise;

(c) the  number  of  such  projects  taken  over  by  other  public  and  private  sector companies in each of the last three years and the current year, company and projectwise;

(d) whether banks as well as cash-rich public sector companies have been asked to release re-construction funds for the purchase of shares of such stressed power companies; and

(e) if  so,  the  details  thereof  along  with  the  reaction  of  these  Banks/Companies thereto?

## A N S W E R

## THE MINISTER OF POWER AND NEW & RENEWABLE ENERGY (SHRI R.K. SINGH)

(a) to (c) : Department  of  Financial  Services  (DFS)  had  identified  34  coal  based Thermal Power Projects with a total capacity of 40130 MW as stressed in 2017. Out of these, 32 Projects were from private sector with a total capacity of 38540 MW and 2 projects were from public sector with a total capacity of 1590 MW. The details of the projects is given at Annexure-I.  8 projects, with a total capacity of 8690 MW, have been resolved through change in management and all these projects have been taken over by Private Sector companies. Details of the projects is given at AnnexureII.

Part (d) :

No, Sir.

Part (e) :

Does not arise.

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## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) TO (c) OF UNSTARRED QUESTION NO. 1962 ANSWERED IN THE LOK SABHA ON 28.07.2022

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| Details of the Stressed Projects   | Details of the Stressed Projects     | Details of the Stressed Projects   | Details of the Stressed Projects   | Details of the Stressed Projects   |
|------------------------------------|--------------------------------------|------------------------------------|------------------------------------|------------------------------------|
| S. No.                             | Name of the Project                  | State                              | Capacity                           | Category                           |
| I                                  | Projects resolved                    |                                    |                                    |                                    |
| 1                                  | DVC Raghunathpur                     | West Bengal                        | 1200                               | Public                             |
| 2                                  | KantiBijliUtpadan Nigam Ltd - NTPC   | Bihar                              | 390                                | Public                             |
| 3                                  | Adani Power Maharashtra Ltd          | Maharashtra                        | 3300                               |                                    |
| 4                                  | Adhunik Power Ltd                    | Jharkhand                          | 540                                |                                    |
| 5                                  | GMR Warora Energy Ltd                | Maharashtra                        | 600                                |                                    |
| 6                                  | DB Power Ltd                         | Chhattisgarh                       | 1200                               |                                    |
| 7                                  | Korba West Power Company Ltd         | Chhattisgarh                       | 600                                |                                    |
| 8                                  | Lanco/Anpara                         | U.P.                               | 1200                               |                                    |
| 9                                  | GMR Chhattisgarh                     | Chhattisgarh                       | 1370                               | Private                            |
| 10                                 | Jaypee Bina MP                       | M.P.                               | 500                                |                                    |
| 11                                 | JaypeeNigrie                         | M.P.                               | 1320                               |                                    |
| 12                                 | GMR Kamalanga Ltd                    | Odisha                             | 1050                               |                                    |
| 13                                 | Prayagraj Power Generation Corp. Ltd | U.P.                               | 1980                               |                                    |
| 14                                 | RKM Powergen Ltd                     | Chhattisgarh                       | 1440                               |                                    |
| 15                                 | Jindal India Thermal Power Ltd.      | Odisha                             | 1200                               |                                    |
| 16                                 | Essar Power Mahan Ltd                | M.P.                               | 1200                               |                                    |
|                                    | Total                                |                                    | 19090                              |                                    |
| II                                 | Projects under NCLT                  |                                    |                                    |                                    |
| 1                                  | Rattan India Power Ltd - Nashik      | Maharashtra                        | 1350                               | Private                            |
| 2                                  | Coastal EnergenPvt. Ltd.             | Tamil Nadu                         | 1200                               | Private                            |
| 3                                  | GVK Goindwal Sahib Power Plant       | Punjab                             | 540                                | Private                            |
| 4                                  | IndBarathUtkal Ltd                   | Odisha                             | 700                                | Private                            |
| 5                                  | Jhabua Power Ltd (Avantha)           | M.P.                               | 600                                | Private                            |
| 6                                  | KSK Mahanadi Power Co. Ltd           | Chhattisgarh                       | 3600                               | Private                            |
| 7                                  | LancoAmarkantak Power Ltd            | Chhattisgarh                       | 1320                               | Private                            |
| 8                                  | SKS Power Ltd                        | Chhattisgarh                       | 1200                               | Private                            |
|                                    | Total                                |                                    | 10510                              |                                    |
| III                                | Project Stalled                      |                                    |                                    |                                    |
| 1                                  | Athena Chhattisgarh Power Limited    | Chhattisgarh                       | 1200                               | Private                            |
| 2                                  | East Coast Energy Pvt. Ltd (Athena)  | A.P.                               | 1320                               | Private                            |
| 3                                  | Essar Power Jharkhand Ltd            | Jharkhand                          | 1200                               | Private                            |
| 4                                  | KVK Nilanchal Power Ltd              | Odisha                             | 1050                               | Private                            |
| 5                                  | Monnet Power Co. Ltd                 | Odisha                             | 1050                               | Private                            |
| 6                                  | LancoBabandh                         | Chhattisgarh                       | 1320                               | Private                            |
| 7                                  | VandanaVidyut Ltd                    | Chhattisgarh                       | 270                                | Private                            |
| 8                                  | Visa PowerLtd                        | Odisha                             | 1200                               | Private                            |
| 9                                  | LancoVidarbha Power Ltd              | Maharashtra                        | 1320                               | Private                            |
| 10                                 | Simhapuri Energy Ltd                 | A.P.                               | 600                                | Private                            |
|                                    | Total                                |                                    | 10530                              |                                    |
|                                    | Grand Total                          |                                    | 40130                              |                                    |

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ANNEXURE-II

## ANNEXURE REFERRED TO IN REPLY TO PARTS (a) TO (c) OF UNSTARRED QUESTION    NO. 1962 ANSWERED IN THE LOK SABHA ON 28.07.2022 **************

| Sl. No.   | FY                                | Project Name    | Capacity (MW))   | Details of the acquisition                                                                                          | Details of the acquisition                                                                                                                                                    |
|-----------|-----------------------------------|-----------------|------------------|---------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.        | FY18 Adhunik Ltd.                 | Power 540       |                  |                                                                                                                    | Sold to Edelweiss ARC under ARC Structure                                                                                                                                     |
| 2.        | FY19 SKS                          | Power Ltd. 1200 |                  |                                                                                                                   | Agri trade resources (Singapore Co.) was declared H1 bidder in an open bidding process. Account is presently facing stress again and was admitted into NCLT on April 29, 2022 |
| 3. FY20   | GMR Chhattisgarh                  | 1370            |                  |                                                                                                                    | Acquired by Adani Power Ltd. through an open bidding process                                                                                                                  |
| 4.. FY20  | Prayagraj Power                   | 1980            |                 | Renascent Power Ventures Private Limited (RPVPL) was identified as investor for change in management with OTS offer |                                                                                                                                                                               |
| 5. FY20   | Korba West Power Company Ltd.     | 600             |                 | Resolution Plan by Adani approved under NCLT.                                                                       | Power Ltd was                                                                                                                                                                 |
| 5. FY22   | Essar Power MP Limited            | 1200            |                 | Resolution Plan by Adani Power Ltd was approved under NCLT.                                                         |                                                                                                                                                                               |
| 7. FY23   | Simhapuri Energy Ltd              | 600             |                 | Jindal Power Limited as successful bidder process under NCLT                                                        | has been declared in the liquidation                                                                                                                                          |
| 8. FY23   | Athena Chhattisgarh Power Limited | 1200            |                  |                                                                                                                    | Vedanta has been declared as successful bidder in the liquidation process under NCLT                                                                                          |

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