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Stressed power projects have Rs 1.74 lakh cr debt: Parliament panel

IANS  |  New Delhi 

At a time of focus on stressed projects and the bad loans of Indian banks, a Parliamentary panel report has revealed that there are as many as 34 with a total capacity of over 40 gigawatt (40,000 MW).

In its report on "Stressed/Non-performing Assets in Electricity" tabled in Parliament in the ongoing session, the said that, as of June 2017, a total of Rs 1.74 lakh crore is tied up as outstanding debt in these stressed projects.

Among these thermal power projects, the has an outstanding debt of Rs 11,665 crore on account of its Tirora project in Maharashtra, and of Rs 3,099 crore on its project.

The Jaypee Group's Bara project has an outstanding debt of Rs 11,493.5 crore, Nigrie (Rs 6,211 crore) and Bina (Rs 2,253.85 crore).

Essar's Mahan project has an outstanding debt of Rs 5,951 crore and its has an outstanding of Rs 3,112 crore.

The KSK Mahanadi Power Co's Akaltara project has total outstanding debt of Rs 17,194 crore.

For the Lanco Group, its Amarkantak project has an outstanding debt of Rs 8,782 crore, Anpara (Rs 3,071 crore), Vidarbha (Rs 4,762 crore) and Babandh (Rs 6,976 crore).

In the case of GMR Energy, its Warora project has an outstanding debt of Rs 2,905 crore, Raikheda (Rs 8,173.9 crore) and Kamalanga (Rs 4,100 crore).

GVK Industries' Goindwal Saheb project in has an outstanding debt of Rs 3,523 crore.

told reporters here on Wednesday that state-run State has a large volume of loans given for power projects which have become stressed and is causing considerable "worry".

--IANS

bc/tsb

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 23:58 IST
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