Essar Power to invest $8 billion in thermal power projects

• 12 years ago (2011-10-07)
• David Flin

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Essar Power has announced that it intends to invest $8 billion over the next three years constructing 8000 MW of thermal power projects in India. The company said in a statement: “For an increase of 8000 MW power capacity, Essar Power plans to invest $8 billion by 2014. All the investment has been tied-up.”

The company currently operates five captive power projects with a combined capacity of 1600 MW for providing electricity to its steel plants and oil refinery, and is in the process of building 6900 MW of coal-fired plants around India. These include:

• A 2520 MW imported coal-based project at Salaya.
• A 510 MW plant at Vadinar.
• A 270 MW plant in Gujarat.
• A 1800 MW domestic coal-based project at Mahan in Madhya Pradesh.
• A 1800 MW plant at Tori in Jharkhand.

Essar Power said that it is also exploring new opportunities in conventional and renewable power generation “globally”.