India’s biggest power producers, leading conglomerates and marquee private equity players are lining up as potential suitors for the Rajasthan state government owned Chhabra thermal power plant, sources familiar with the deal told ET NOW on the condition of anonymity.
“Adani Power , JSW Energy, Piramal Enterprises, a jv between Tata Power and ICICI Ventures , NTPC & Macquarie Group are amongst initial suitors that have expressed a preliminary interest in the plant during a pre-bid meeting held earlier this month which was organized by Rajasthan Rajya Vidyut Utpadan Nigam Limited,” said one of the two sources cited above. The Chhabra plant has four operational units of 250 MW each and two under construction units of 660 MW each. ” Based on initial estimates, the project has an enterprise value of Rs 14,000 crores. All the necessary infrastructure is in place including fuel tie-ups and statutory clearances,” added another source.