 "Essar Power appoints Ramesh Kumar as MD for Salaya plant")
Kumar will be responsible for the entire operations of Essar Power’s imported coal fired 1,200 megawatt (Mw) Salaya power plant at Gujarat, and will report to KVB Reddy, executive director, Essar Power Ltd.
Kumar, a post graduate in commerce and a qualified cost accountant, has an experience of around 32 years.
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Commenting on his appointment, Reddy said, “Ramesh has rich experience in managing operations of power plants. He has thorough understanding of regulatory matters, commercial and financial perspectives of the business. His profound skills and expertise will play a very crucial role in strategizing and achieving new heights for Essar Power Gujarat Limited.”
Prior to joining Essar Power he served at KSK Energy Ventures Ltd as managing director of the holding company, KSK Electricity Financing India Pvt Ltd, and also held the position of president - operations and was responsible for operations of Sitapuram Power Ltd, Arasmeta Captive Power Co. Pvt. Ltd, Sai Regency Power Co. Pvt. Ltd., VS Lignite Power Pvt Ltd and Wardha Power Co. Ltd.
He was also responsible for heading the insurance, regulatory and legal function for the group including planning, budget management, and commercial and procurement activities related to generation of power.
Kumar has also served at Andhra Cements as vice-president - finance, responsible for finance, treasury, direct and indirect taxation, debt restructuring and legal compliances, the statement said.
Essar Power, part of LSE-listed Essar Energy plc is a first mover among the private-sector players in the Indian power industry.
Essar Energy is a world-class, low-cost, integrated energy company focused on India and well-positioned to capitalize on India’s rapidly growing energy demand.