Nine out of the 34 stressed coal-based power plants identified by the government have been resolved by lenders out of the insolvency courts, a top power ministry official said.

A total of nine stressed power assets have been resolved till now with a total capacity of 11,460 megawatts, the official said on the condition of anonymity. The 34 stressed power projects accounted for Rs 1.74 lakh crore of bad loans.

The projects that have been resolved include:

• GMR Kamalanga (1,050 MW).
• GMR Emco Warora (600 MW).
• Adani Tiroda (3,300 MW).
• Adhunik Power (540 MW).
• DB Power Baradhara (1,200 MW).
• Lanco Anapara-C (1,200 MW).
• Jaypee Bara (1,980 MW).
• DVC Ragunathpur (1,200 MW).
• NTPC Muzaffarpur (390 MW).

Of these, Jaypee Bara and Lanco Anpara were resolved recently.

On Feb. 12 last year, the RBI had issued a circular setting a 180-day timeline starting Mar. 1 for banks to resolve large corporate defaults, failing which all these companies must be taken to bankruptcy courts.

A plea by power producers seeking exemption from the RBI circular for resolution of stressed assets is pending in the Supreme Court. The next date of hearing in the case is Jan. 23.