Essar Power has said that it has resumed operations at its 500 MW gas-based plant in Hazira, Gujarat.
Tag: Essar Power
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Essars Mahan I to be ready this fiscal
Essar Power is planning to commission the second unit (600 MW) of the Mahan I project this fiscal. The company has an installed generation capacity of 3,910 MW. The 1,200-MW Mahan I plant is located in Madhya Pradesh
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Essar Power to refinance debt via bond issues
In order to refinance past debt, Essar Power issued Rs 1,000 crore worth of rupee denominated bonds. Including this bond issue, the company has so far raised Rs 2,750 crore and it plans to raise another Rs 2,250 crore. With these bond issues, the power generating arm of the London-listed Essar Energy intends to refinance loans wort
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Govt may pace up clearances to Rs 49K cr power plants
The Prime Minister Manmohan Singh headed Cabinet Committee on Investments is expected to speed up Rs 49,000 crore worth power plants of companies like Reliance Power and Essar Power, which have been stuck for want of environment and forest clearances at various levels. The panel will consider diversion of forest land for a coal block attached to Rs 20,852 crore Sasan ultra mega power project.
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Essar Power issues bonds to refinance debt
In order to refinance its existing debt, Essar Power mopped up Rs 750 crore by issuing rupee denominated bonds. The company, which is part of the London-listed Essar Energy, has a total debt of around Rs 16,500 cr. The bond offering would increase the maturity timeframe of its debt and also enable the firm save on inter
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Essar Power Vadinar P2 project
Essar Power has commissioned the second unit of 225 MW of its 510 MW Vadinar Phase 2 project in Gujarat. The coal-fired Vadinar P2 plant with a total capacity of 510 MW is now fully commissioned and will be providing power and process steam to Essar OilÂ’s nearby oil refinery.
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Power supply in Patna to be privatised
The Bihar State Electricity Board (BSEB) has given its green signal to entrust the Mumbai-based Essar Power the job of power supply and distribution in Patna.