Lenders put Meenakshi Energy’s 1,000-mw plant on sale
Lenders put Meenakshi Energy’s 1,000-mw plant on sale
Lenders put Meenakshi Energy’s 1,000-mw plant on sale (Representative Image)
A consortium of lenders led by Rural Electrification Corporation (REC) and SBI has put on sale a 1,000-megawatt (mw) coal-based thermal power project in Nellore, Andhra Pradesh, operated by Meenakshi Energy (MEPL), according to sources. As of May 2016, Meenakshi Energy’s outstanding debt was over Rs 4,000 crore.
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