Lok Sabha Question No. 3442 (UNSTARRED), answered on 2025-03-20
Subject: Distressed  Power Projects
Ministry: POWER
Asked by: Shri Sanjay Uttamrao Deshmukh

## GOVERNMENT OF INDIA MINISTRY OF POWER

## LOK SABHA UNSTARRED QUESTION NO.3442 ANSWERED ON 20.03.2025

## DISTRESSED POWER PROJECTS

†3442. SHRI SANJAY UTTAMRAO DESHMUKH:

Will the Minister of POWER be pleased to state:

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

(b) if  so,  the  details  thereof,  State/Union  Territory,  company,  project  and  capacitywise;

(c) the number  of  such  projects  acquired by other public and  private sector companies during the last three years and the current year, company and project-wise;

(d) whether the banks as well as cash-rich public sector companies have been asked to  issue  an  instruction  to  reconstruct  funds  for  purchasing  shares  of  such  distressed power companies; and

(e) if so, the details thereof and the response of these banks/companies?

## A N S W E R

THE MINISTER OF STATE IN THE MINISTRY OF POWER

(SHRI SHRIPAD NAIK)

- (a) & (b) : 49 power projects had been identified with a total capacity of ~47.5 GW as stressed assets. The details of these projects indicating their present status are given at Annexure-I. (c) : Out  of  these  49  stressed  projects,  30  projects  have  been  resolved,  which includes  15  projects  acquired  by  other  public  and  private  sector  companies  in  last three years and the current year, as per the details given at  Annexure-II. Further, 9 projects are in the process of resolution. (d)  & (e) : Ministry of Power  had  issued an advisory on 01.11.2023 to all States/GENCOS  to  participate  in  Corporate  Insolvency  Resolution  Process  (CIRP)  of National Company Law Tribunal (NCLT) for taking over stressed power assets.

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## ANNEXURE REFERRED IN REPLY TO PARTS (a) & (b) OF UNSTARRED QUESTION NO.  3442 ANSWERED IN THE LOK SABHA ON 20.03.2025

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## Details of Stressed Projects

| S. No.                  | Name of the Project                     | State          | Capacity (MW)   |
|-------------------------|-----------------------------------------|----------------|-----------------|
| (I) Projects Resolved - | (I) Projects Resolved -                 |                |                 |
| 1                       | Simhapuri Energy Limited                | Andhra Pradesh | 600             |
| 2                       | Kanti Bijli Utpadan Nigam Limited -NTPC | Bihar          | 390             |
| 3                       | DB Power Limited                        | Chhattisgarh   | 1200            |
| 4                       | Korba West Power Company Ltd            | Chhattisgarh   | 600             |
| 5                       | GMR Chhattisgarh                        | Chhattisgarh   | 1370            |
| 6                       | RKM Powergen Limited                    | Chhattisgarh   | 1440            |
| 7                       | Athena Chhattisgarh Power Ltd           | Chhattisgarh   | 1200            |
| 8                       | Adhunik Power Limited                   | Jharkhand      | 540             |
| 9                       | Essar Power Mahan Limited               | Madhya Pradesh | 1200            |
| 10                      | Jaypee Bina MP                          | Madhya Pradesh | 500             |
| 11                      | Jaypee Nigrie                           | Madhya Pradesh | 1320            |
| 12                      | Avantha Jhabua Power Ltd.               | Madhya Pradesh | 600             |
| 13                      | Adani Power Maharashtra Ltd             | Maharashtra    | 3300            |
| 14                      | GMR Warora Energy Limited               | Maharashtra    | 600             |
| 15                      | GMR Kamalanga Limited                   | Odisha         | 1050            |
| 16                      | Jindal India Thermal Power Ltd.         | Odisha         | 1200            |
| 17                      | Ind Barath Utkal Limited                | Odisha         | 700             |
| 18                      | Lanco Anpara                            | Uttar Pradesh  | 1200            |
| 19                      | Prayagraj Power Gen. Corp. Ltd.         | Uttar Pradesh  | 1980            |
| 20                      | DVC Raghunathpur                        | West Bengal    | 1200            |
| 21                      | GVK Goindwal Sahib Power Plant          | Punjab         | 540             |
| 22                      | Monnet Power Co. Ltd.                   | Odisha         | 1050            |
| 23                      | KSK Mahanadi Power Co. Ltd.             | Chhattisgarh   | 3600            |
| 24                      | Lanco Amarkantak Power Ltd.             | Chhattisgarh   | 1920            |
| 25                      | SKS Power Ltd.                          | Chhattisgarh   | 1200            |
| 26                      | Amrit Jal Ventures Pvt. Ltd             | Andhra Pradesh | 1               |
| 27                      | VS Lignite Power Pvt. Ltd               | Rajasthan      | 135             |
| 28                      | Meenakshi Energy Pvt Ltd                | Andhra Pradesh | 1000            |
| 29                      | Nagai Power Pvt Ltd                     | Tamil Nadu     | 150             |
| 30                      | Corporate Power Limited                 | Jharkhand      | 540             |
| Sub Total               | Sub Total                               | Sub Total      | 32326           |

| (II) Projects Likely to be resoved (under NCLT or Outside) -   | (II) Projects Likely to be resoved (under NCLT or Outside) -   | (II) Projects Likely to be resoved (under NCLT or Outside) -   | (II) Projects Likely to be resoved (under NCLT or Outside) -   |
|----------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------|----------------------------------------------------------------|
| 1                                                              | Rattan India Power Limited - Nasik [Sinnar TPP]                | Maharashtra                                                    | 1350                                                           |
| 2                                                              | Coastal Energen Pvt. Ltd.                                      | Tamil Nadu                                                     | 1200                                                           |
| 3                                                              | TRN Energy Private Limited                                     | Chhattisgarh                                                   | 600                                                            |
| 4                                                              | Hiranmaye Energy Limited                                       | West Bengal                                                    | 450                                                            |
| 5                                                              | Bhadreshwar Vidyut Private Limited                             | Gujarat                                                        | 300                                                            |
| 6                                                              | Global Metal & Energy Private Limited                          | Maharashtra                                                    | 10                                                             |
| 7                                                              | Srikanth Energy                                                | Maharashtra                                                    | 2                                                              |
| 8                                                              | Bhavnagar Biomass Power Projects Private Ltd                   | Gujarat                                                        | 10                                                             |
| 9                                                              | Shree Maheshwar Hydel Power Company Ltd                        | Madhya Pradesh                                                 | 400                                                            |
| Sub Total                                                      | Sub Total                                                      | Sub Total                                                      | 4322                                                           |
| (III) Un-viable Projects/Under Liquidation                     | (III) Un-viable Projects/Under Liquidation                     | (III) Un-viable Projects/Under Liquidation                     |                                                                |
| 1                                                              | East Coast Energy Pvt. Ltd. (Athena)                           | Andhra Pradesh                                                 | 1320                                                           |
| 2                                                              | Essar Power Jharkhand Limited                                  | Jharkhand                                                      | 1200                                                           |
| 3                                                              | Lanco Babandh                                                  | Odisha                                                         | 1320                                                           |
| 4                                                              | Vandana Vidyut Limited                                         | Chhattisgarh                                                   | 270                                                            |
| 5                                                              | Visa Power Limited                                             | Chhattisgarh                                                   | 1200                                                           |
| 6                                                              | KVK Nilanchal Power Limited                                    | Odisha                                                         | 1050                                                           |
| 7                                                              | Lanco Vidarbh Power Limited                                    | Maharashtra                                                    | 1320                                                           |
| 8                                                              | Ind-Barath Power (Madras) Limited                              | Tamil Nadu                                                     | 660                                                            |
| 9                                                              | Jas Infrastructure Capital Private Limited                     | Bihar                                                          | 1320                                                           |
| 10                                                             | Konaseema Gas Power Limited                                    | Andhra Pradesh                                                 | 445                                                            |
| Sub Total                                                      | Sub Total                                                      | Sub Total                                                      | 10105                                                          |
| Total                                                          | Total                                                          | Total                                                          | 47563                                                          |

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## ANNEXURE-II

## ANNEXURE REFERRED IN REPLY TO PART  (c)  OF  UNSTARRED  QUESTION  NO. 3442 ANSWERED IN THE LOK SABHA ON 20.03.2025

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## Details  of  stressed  projects  acquired  by  other  public  and  private  sector  companies during last three years and this year

| S No.                                | Project                              | Company                                                                                            |
|--------------------------------------|--------------------------------------|----------------------------------------------------------------------------------------------------|
| Acquired by Public Sector Companies  | Acquired by Public Sector Companies  | Acquired by Public Sector Companies                                                                |
| 1                                    | Jhabua Power Ltd.                    | NTPC Ltd.                                                                                          |
| 2                                    | GVK Goindwal Sahib Power Plant       | Punjab State Power Corporation Limited (PSPCL)                                                     |
| Acquired by Private Sector Companies | Acquired by Private Sector Companies | Acquired by Private Sector Companies                                                               |
| 1                                    | SKS Power Ltd.                       | Sarda Energy & Minerals Limited (SEML)                                                             |
| 2                                    | Ind Barath Utkal Ltd.                | JSW Energy Limited                                                                                 |
| 3                                    | KSK Mahanadi Power Co. Ltd           | JSW Energy Limited                                                                                 |
| 4                                    | Monnet Power Co. Ltd.                | Jindal Steel & Power                                                                               |
| 5                                    | Athena Chhattisgarh Power Ltd.       | Vedanta Limited                                                                                    |
| 6                                    | Simhapuri Energy Ltd.                | Jindal Power Limited                                                                               |
| 7                                    | Essar Power Mahan Ltd.               | Adani Power Limited                                                                                |
| 8                                    | Lanco Anpara                         | Megha Engineering & Infrastructure Ltd.                                                            |
| 9                                    | Amrit Jal Ventures Pvt. Ltd          | Consortium of Sh. Ashok Surana, Syamali Security & Consultancy Private Limited & Sh. Nagesh Goenka |
| 10                                   | VS Lignite Power Pvt. Ltd            | Sherisha Technologies                                                                              |
| 11                                   | Meenakshi Energy Pvt Ltd             | Vedanta Limited                                                                                    |
| 12                                   | Lanco Amarkantak Power Limited       | Adani Power Limited                                                                                |
| 13                                   | Nagai Power Pvt Ltd                  | Smartgen Infra Pvt Limited                                                                         |

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