Essar Power will raise balanced debt of Rs 4,600 crore: CEO KVB Reddy

Interview with KVB Reddy, chief executive officer, Essar Power

Essar Power senses an opportunity in the lack of fresh investments in thermal power and the government’s notification on mega power projects to improve offtake. KVB Reddy, chief executive officer, Essar Power, talks to Jayajit Dash about the credit climate for power projects, plans on coal imports, and revival of idle gas-based power projects. Edited excerpts from an interview

Essar Power has commissioned 80 per cent of its planned capacity of 6,100 MW. By when do you hope to reach full capacity utilisation? What is the funding needed and how do you intend to raise it?

Essar Power has a current