Essar Energy to complete 3 power projects by March 2012

Essar Energy expects to complete three power projects by March next year that would increase its total generation capacity to 4,510 Mw.

“In Power, we expect to commission three projects, Mahan I, Salaya I and Vadinar P2, by end March 2012 which will increase our total generation capacity by 2,910 MW to 4,510 MW,” Essar Energy said in its interim management statement for the period ended September 30. “We expect to complete a further 7 power generation projects by the end of March 2014 to take our total generation capacity to 9,670 MW,” it noted.

The 1,200 MW Salaya I and 510 MW Vadinar P2 projects are located in Gujarat while Mahan I is in Madhya Pradesh. According to the statement, the company is looking to initiate American Depository Receipt (ADR) programme, for which BNY Mellon has been appointed as the depository bank.

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