Stressed assets: Govt wants IBC relief for a dozen power projects

The Centre, in its submission to the Allahabad High Court, could seek regulatory relief for a dozen power projects with an overall debt exposure of around Rs 1 trillion out of a total of 34 stressed assets. 

Already under resolution plans, these stressed operational power plants include projects of GMR Energy, Essar Power and Rattan India, among others. The government has asked for an additional 180 days to resolve these stressed assets that have a total capacity of 12,000 Mw. A high-level empowered committee constituted by the Ministry of Power would identify the projects.

A committee, constituted by the government