JSW Energy has been declared a successful applicant and received a letter of intent (LoI) from the Resolution Professional for its resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016, it added.
KMPCL owns a 3,600 MW thermal power plant located in Chhattisgarh.
Presently, 1,800 MW (600 MW x 3 units) is operational, which is 95 percent tied up under long and medium-term power purchase agreements.
