According to Sydney based Institute for Energy Economics and Financial Analysis, Adani Power will have to take a US$1 billion (Rs 6,500 crore) write-down on Mundra on top of the US$954 million net loss it just reported. In June 6th this year, Adani Power board approved the "slump sale" of the Mundra power project into a separate company so as to sell stake in the company to government-owned distribution companies.