{"id":264521,"date":"2019-03-15T07:06:15","date_gmt":"2019-03-15T07:06:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=264521"},"modified":"2019-03-15T07:06:15","modified_gmt":"2019-03-15T07:06:15","slug":"pwc-invites-resolution-plans-for-essar-power-mp-on-behalf-of-icici-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pwc-invites-resolution-plans-for-essar-power-mp-on-behalf-of-icici-bank\/","title":{"rendered":"PWC invites resolution plans for Essar Power MP on behalf of ICICI Bank"},"content":{"rendered":"<p>PwC on Thursday invited resolution plans from prospective bidders for Essar Power MP on behalf of its lead lender, ICICI Bank. The power asset owes its consortium of lenders around Rs 5,300 crore.<\/p>\n<p>\u201cThe consortium of lenders to Essar Power MP Limited plan to identify a resolution applicant for sale of company by effecting change in ownership and management control of the company owning a 1,200 MW (2\u00d7600 MW) coal-based thermal power project using sub-critical technology in the state of Madhya Pradesh,\u201d the consulting firm said in a public notice.<\/p>\n<p>The lending consortium to the project has appointed PwC as advisors for running the bid process and to invite resolution plans from investors or consortia of investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PwC on Thursday invited resolution plans from prospective bidders for Essar Power MP on behalf of its lead lender, ICICI Bank. The power asset owes its consortium of lenders around Rs 5,300 crore. \u201cThe consortium of lenders to Essar Power MP Limited plan to identify a resolution applicant for sale of company by effecting change in ownership and management control of the company owning a 1,200 MW (2\u00d7600 MW) coal-based thermal power project using sub-critical technology in the state of Madhya Pradesh,\u201d the consulting firm said in a public notice. The lending consortium to the project has appointed PwC as [&hellip;]<\/p>\n","protected":false},"author":44,"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-264521","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\/264521","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=264521"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/264521\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=264521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=264521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=264521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}