Half completed, plant awaits fuel linkage
Mining execution still in limbo
With this milestone, Essar Power's installed capacity now stands at 4,705 Mw
Eyes 6,100 Mw capacity by FY19
Jharkhand mining lease to be terminated over delayed payments, work
The company has two captive gas-based plants in Hariza in Gujarat with a capacity of 500 MW and 515 MW each, which are currently shut for want of fuel
Coupled with this, net sales rose to Rs 1,905 cr from Rs 1,867 cr
The plant started operations in October 2008, but had suspended operations for past three years due to high fuel price The Bhander Power-Hazira plant was commissioned in 2006 and commenced full commercial operations in October 2008, but due to high price of the fuel, the company had kept the operations suspended since the past three years. It is a natural gas-fired combined-cycle captive power plant. "We had shut operations at two of our gas-based plants with a capacity of 500 mw and 515 mw each at Hazira due to non-availability of the fuel. What was available was so expensive, almost at USD 12-14 per mmbtu, that we could not even dream of generating power so we had to shut operations," company's Executive Vice-Chairman Sushil Maroo told PTI here. However, since the prices are now falling, the company will commence operations at least at the Bhander plant in the next ...
The firm has been reporting losses for at least three fiscals
Interview with executive vice-chairman, Essar Power