[teaserteam]

Dun think this debt is high. Power Plant investment are intensive. Adani's Mundra Power Plant has a total installed capacity of about 4500MW. Assuming the cost is $1000 per kw. The total investment is around $4.5 billion. Lets said the asset has been depreciated by 40%, the asset today maybe 4.5b*0.6 or $2.7 billion. The debt to asset ratio is about 48 % which is reasonably good. In China, power stations would have an debt to asset ratio of about 73%

https://www.sciencedirect.com/science/ar...8722000170