{"id":433108,"date":"2021-08-31T12:04:11","date_gmt":"2021-08-31T06:34:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433108"},"modified":"2021-08-31T12:04:49","modified_gmt":"2021-08-31T06:34:49","slug":"avantha-power-lenders-ink-jhabua-plant-deal-with-ntpc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/avantha-power-lenders-ink-jhabua-plant-deal-with-ntpc\/","title":{"rendered":"Avantha Power lenders ink Jhabua Plant deal with NTPC"},"content":{"rendered":"<p>Mumbai: Lenders to the Avantha Group\u2019s 600 MW distressed Jhabua power plant have come to an agreement with the state-owned National Thermal Power Corporation (NTPC NSE 0.96 %) to complete the sale of the asset, more than two years after the case was taken to bankruptcy courts.<\/p>\n<p>Under the renegotiated agreement, lenders have agreed to take an equity stake in the company and share in the monthly operating profit or earnings before interest tax depreciation and amortisation (Ebitda). That has allowed some of the payments to be delayed, three people familiar with the deal said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Lenders to the Avantha Group\u2019s 600 MW distressed Jhabua power plant have come to an agreement with the state-owned National Thermal Power Corporation (NTPC NSE 0.96 %) to complete the sale of the asset, more than two years after the case was taken to bankruptcy courts. Under the renegotiated agreement, lenders have agreed to take an equity stake in the company and share in the monthly operating profit or earnings before interest tax depreciation and amortisation (Ebitda). That has allowed some of the payments to be delayed, three people familiar with the deal said.<\/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":[130,239,136],"tags":[],"class_list":["post-433108","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433108","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=433108"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433108\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}