(ET)
Jaiprakash Power Ventures Ltd has offered its Nigrie power project to NTPC for acquisition while State Bank of IndiaBSE -2.83 % has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.
NTPC had invited bids from promoters, lenders and financial intermediaries offering their domestic coal-based power plants in November last year. NTPC, India’s largest power producer, received four technical bids on Friday, the last day for responding to the tender, a government official said.
The company was, however, expecting a higher response from the private sector as there are over 34,000-mw of stressed assets in the power sector, the official said. Estimates show that of the `9 lakh crore worth of stressed assets in the country, more than half is in the power generation space.
