Essar Power MP stabilises Mahan power plant
Essar Power MP Ltd. hasy stabilised operations in Unit II of its 2x600 MW Mahan power plant. The company has secured coal through a Government-conducted e-auction for the plant. Essar Power Ltd built the plant, which is located in Madhya Pradesh’s Singrauli district, at a cost of more than Rs 8,000 crore. It requires approximately 5.5 million tonnes of domestic coal per year to generate full load.
Coal issues dog Essar's Jharkhand project
Essar Power’s Tori project in Jharkhand is stuck for lack of coal, despite a spurt in the fuel’s supplies in the country. “The 1,200 Mw project is almost 50 per cent complete.
Reviving Gas Based Plants
Much water has flowed under the bridge since the first natural gas find in the west coast of India in eighties and subsequently laying of Hajira-Vijaypur-Jagdishpur (HVJ) gas pipeline.
Efficient global sourcing of coal proved profitable
Essar Power Gujarat Limited (EPGL) is a special purpose vehicle of Essar Power Limited. This was created basically to implement the power purchase agreement (PPA), which was signed with Gujarat Urja Vikas Nigam Limited (GUVNL) in 2007.
Rs.1,600-cr gas subsidy auction on March 15
State-owned NTPC, Essar Power, GMR and Tata Power are among the power producers competing to get Rs.1,600 crore of government subsidy to procure costlier imported gas for their stranded units.
Rs.1 lakh penalty on GVK Power
The Ministry of Coal has imposed a penalty of Rs 1 lakh on GVK Power (Goindwal Sahib) for intentionally delaying the submission of requisite documents to allow coal mining to start at the Tokisud North mine in Jharkhand.
BoP the builder
A number of players in the balance of plant (BoP) sector, who had a phenomenal order intake in the past several years, are currently reeling under tremendous working capital stretch because of stuck inventory and huge receivables.
Coal block auctions: AV Birla, Vedanta, Adani in shortlist
Reliance Geothermal, Essar Power, Adani Power, and Anil Sesa Sterlite are among the companies that have been shortlisted to participate in financial bidding for 23 coal blocks being put up for sale in the first phase of auctions.