NTPC eyes insolvency hit Avantha’s Jhabua Power Project

NTPC Limited is expected to place its first bid for a stressed asset under the Insolvency Bankruptcy framework soon.

According to officials in the know, NTPC is going to bid for the Jhabua Power project in Madhya Pradesh. NTPC is currently in the process of conducting due diligence for the project, but it largely meets the desired requisites.

NTPC officials said that they would want to bid for projects that are operational and nearer to sources of coal.

This project is a subsidiary of Avantha Power & Infrastructure Limited. JPL currently has 600 MW thermal power generation capacity fully operational and 660 MW under implementation.