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Essar Power set to triple production capacity

Maharashtra,Business/Economy, Wed, 04 Apr 2012 IANS

Mumbai, April 4 (IANS) Essar Power said Wednesday it will almost triple its installed production capacity to 4,510 MW by June as three of its new projects will come into operation.


The company is building a project at Salaya in Jamnagar district of Gujarat with an investment of $1.1 billion. It will have the capacity to produce 1,200 MW of power.


The first unit of 600 MW of this project called Salaya 1 has commenced commercial operation, Essar Power said in a statement.


Salaya 1 is one of three power projects due to be commissioned in 2012. The others being the 1,200 MW Mahan I project and the 510 MW Vadinar P2 project.


Together these three projects will add 2,910 MW to the existing capacity of 1,600 MW and take Essar Power's total installed capacity to 4,510 MW, the company said.


"It is a matter of great satisfaction that many of our power projects are progressing well in terms of completion and operation. This bears testimony to Essar Power's capability to bring to fruition the projects we have undertaken," said K.V.B. Reddy, director, Essar Power.


"Completion of these projects will add to the revenues and profitability of the company," Reddy said.



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