The company is burdened with Rs 20,369 crore debt and is evaluating possibilities of reducing it.
"Our focus and priority is to get our plants operational and profitable. We have no plans now to monetize any assets for now," a company spokesperson said.
Earlier, a company's senior executive had said that to reduce debt Essar Power was mulling monetization of some units plants, including some of its gas-based plants in the country.
Esaar Power has said it is planning to fully operationalise its 1,200 mw Mahan project in Madhya Pradesh as well as its two captive gas-based plants in Gujarat.
Also Read
The 500-mw Bhander plant in Hazira was commissioned in 2006 and commenced full commercial operations in 2008, but due to high fuel price, the firm shut the plant three years ago.
The 515-mw Essar Power Hazira plant had signed power purchase agreements (PPAs) with Essar Steel and Gujarat Urja Vikas Nigam and was commissioned in October 1997.
"Both these plants are ready and can go operational once we have fuel supply. We are hopeful of commencing operations on the Bhander project this quarter," the spokesperson added.
Meanwhile, the firm has sought easier terms of repayment for some of its power plants so it matches the life-cycle of the project.
Banks have given a go-ahead to that under 5:25 refinancing scheme. It extends loan repayment for infrastructure companies by up to 25 years, which can be refinanced every five years.
Essar Power has already restructured Rs 10,000-crore under the scheme and hopes to complete up to Rs 18,000 crore this calendar year.