25,000-Mw capacity in thermal power is on sale but finding buyers is posing a challenge. Most promoter companies of the projects some operational and others still under development want to exit to lighten their debt. Among the projects looking for buyers are the commissioned units of Jaiprakash Associates Limited, Lanco Infratech Limited (BSE:532778), KSK Energy Ventures Limited (BSE:532997).

Some units of GMR Energy Limited, DB Power Limited, Rattan India, Avantha Group are also on the block. Sources said the projects in question were “ready to be fired up" but no state power distribution company was floating tenders for additional power procurement. To add to the woes, banks are concerned about non-performing assets (NPAs) increasing.