{"id":234150,"date":"2019-02-14T06:14:48","date_gmt":"2019-02-14T06:14:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=234150"},"modified":"2019-02-14T06:14:48","modified_gmt":"2019-02-14T06:14:48","slug":"tata-power-to-be-selective-about-bidding-for-stressed-assets-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-to-be-selective-about-bidding-for-stressed-assets-ceo\/","title":{"rendered":"Tata Power to be selective about bidding for stressed assets: CEO"},"content":{"rendered":"<p>Tata Power would be \u201cvery choosy\u201d while bidding for the takeover of stressed power plants under the insolvency and bankruptcy code, a senior company official said on Wednesday. \u201cWe will focus only on plants with good equipment, long term power purchase agreements, fuel supply agreements and sustainable tariffs,\u201d Praveer Sinha, chief executive officer, Tata Power, told FE.<\/p>\n<p>According to sources, power plants already put up for sale by lenders include KSK Energy\u2019s 3,600-MW Akaltara plant, GMR Chattisgarh\u2019s 1,370-MW plant in Raikheda, Coastal Energen\u2019s 1,200 MW Mutiara station, Meenakshi Energy\u2019s 1,000-MW Nellore Andhra plant and Avantha Group\u2019s 600-MW Jhabua unit.<\/p>\n<p>In November, Tata Power had announced the acquisition of more than 75% stake of the stressed 1,980-MW Bara power plant. The acquisition was valued at more than Rs 9,000 crore (including tax liabilities).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power would be \u201cvery choosy\u201d while bidding for the takeover of stressed power plants under the insolvency and bankruptcy code, a senior company official said on Wednesday. \u201cWe will focus only on plants with good equipment, long term power purchase agreements, fuel supply agreements and sustainable tariffs,\u201d Praveer Sinha, chief executive officer, Tata Power, told FE. According to sources, power plants already put up for sale by lenders include KSK Energy\u2019s 3,600-MW Akaltara plant, GMR Chattisgarh\u2019s 1,370-MW plant in Raikheda, Coastal Energen\u2019s 1,200 MW Mutiara station, Meenakshi Energy\u2019s 1,000-MW Nellore Andhra plant and Avantha Group\u2019s 600-MW Jhabua unit. In [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-234150","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=234150"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/234150\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=234150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=234150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=234150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}