Around eight power projects totalling 12,000 MW and Rs 70,000 crore in outstanding debt are likely to find buyers in the next 15 days after the Allahabad High Court asked the government to expedite resolution of stressed power assets. According to the report of the standing committee on power, bids for eight power projects have been floated where firms have shown interest. Analysts believe these projects have strong potential to find buyers in the next 15 days. Another 8,800 MW of projects with Rs 36,300 crore of outstanding loans have been resolved, while 6,100 MW assets with Rs 24,400 crore worth of loans have been referred to the NCLT. Edelweiss Securities in a report said about 12,000 MW capacity identified under the \u2018Samadhan\u2019 scheme makes for potential resolution candidates over the next 15 days. Bids have already been floated for some of the assets with transactions in advanced stages. However, \u201cWe expect the haircut to be heavy, upwards of 50% as it is a buyers\u2019 market and lenders are under immense stress to complete the sale before the deadline,\u201d the report said. Companies such as JSW Energy, Tata Power, Adani and NTPC have publicly stated their intent to participate in sale of these projects. \u201cJSW Energy with a debt-equity ratio of less than one time has the strongest balance sheet with appetite to absorb stressed projects. Tata Power (through Resurgent Power with a 26% stake) and Adani Power too could exploit this M&A opportunity despite their stretched balance sheets. However, NTPC, which did not participate in bidding, could be the joker in the pack garnering a lion\u2019s share of the distressed assets referred to the NCLT either as an operator or through O&M services,\u201d the Edelweiss report said. However, the key variable will be remaining stressed assets, which might have to be referred to the NCLT, but not without its own set of challenges.