Lenders nominate a resolution professional to administer under stress Essar's Mahan project

The lenders that include ICICI Bank and Punjab National Bank have picked Jet Airways' current administrator Ashish Chhawchharia to manage the affairs of the Essar power plants located in the Singrauli district of Madhya Pradesh, sources said. Essar Power Mahan has power supply contracts with Essar Steel.

from Energy-Industry-Economic Times https://ift.tt/2DoO74u