Global firms line up for buying Power Finance Corp's stressed assets

Bank of America Merrill Lynch, Edelweiss and JM Financial are some of the financing agencies that may bid for the three stressed power projects

Close to a dozen Indian and foreign financial institutions and funds have expressed an interest in buying the stressed thermal power assets of Power Finance Corp (PFC).

Bank of America Merrill Lynch, Edelweiss, JM Financial, KKR, Lonestar-IL&FS, Resurgent Power, SC Lowy, Torrent, Varde Partners, SSG Asia, Worlds Window EXIM and NIIF are some of the financing agencies that may bid for the three stressed power projects that PFC has put up for sale.

The power major has invited expressions of interest (EoIs) for four plants where it has a debt exposure — GMR Raikheda (1,370 megawatt), KSK Mahanadi (2,400 Mw),