In a blender or food processor, combine half of the cilantro, lemon or lime juice, hot red pepper sauce, cumin, salt, and water; puree until smooth. Transfer the marinade to large resealable plastic bag.
Add the swai fish to the marinade. Seal the bag, squeeze out the air, turn to coat swai fish. Refrigerate for 1 hour, turning bag occasionally.
After marinating, preheat oven to 400*F. Arrange all pepper slices in a single layer in a lightly-greased, medium-sized square baking dish, and sprinkle with pepper and remaining salt. Bake for 20 minutes, turning pepper slices once.
Drain swai fish, and discard marinade. Crust tops of swai fish with remaining chopped, fresh cilantro. Place swai fish on top of pepper slices, and bake, 12 to 14 minutes, until fish flakes easily when tested with a fork.
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