Table of Contents
Table of Contents 2
List of Tables 4
Company Snapshot 5
Key Information 5
Company Overview 5
SWOT Snapshot 5
Operational Metrics 6
Essar Power Limited, Operational Metrics, By Capacity 6
Essar Power Limited, Operational Metrics, By Generation 6
Essar Power Limited, Solar PV Parks 7
Essar Power Limited, Solar PV Parks, India 7
Essar Power Limited, Thermal Power Plants 8
Essar Power Limited, Thermal Power Plants, India 8
Business Description 9
Business Overview 9
Major Products and Services 10
History 11
SWOT Analysis 14
Overview 14
Essar Power Limited Strengths 14
Power Generation Assets 14
Synergy with Parent Company 14
Essar Power Limited Weaknesses 15
Costlier Energy Sources 15
Essar Power Limited Opportunities 15
Increase in Demand for Electricity: India 15
Fly Ash Utilization Laws: India 15
Positive Outlook for Thermal Power: Canada 15
Essar Power Limited Threats 15
Operational Issues 15
Increasing Popularity of Substitute Energy Sources 15
Environmental Laws and Regulations 16
Key Employees 17
Locations And Subsidiaries 18
Head Office 18
Other Locations & Subsidiaries 18
Financial Deals Landscape 20
Essar Power Limited, Deals Summary 20
Essar Power Limited, Power, Deal Details 21
Asset Transactions 21
Essar Power to Invest USD1.6 Billion in Tori Power Plant in Jharkhand, India 21
Essar Power Orissa Completes Project Financing Of USD109.2 Million For Paradip Captive Power Plant In Orissa, India 22
Debt Offering 23
Essar Power Completes Public Offering Of Bonds Due 2024 For US$147 Million 23
Essar Power Completes Public Offering Of Bonds Due 2024 For US$125 Million 24
Asset Transactions 25
Essar Oil To Acquire Remaining 73.99% Stake In Cogeneration Power Plant In India From Vadinar Power For US$345.4 Million 25
Acquisition 26
Essar Power to Acquire 50% Interest in Navabharat Power from Nava Bharat Projects for USD28.1 Million 26
Essar Steel Holdings To Sell Minority Interest In Essar Power For US$94 Million 27
Essar Power Completes Acquisition Of Remaining 24% Stake In Navabharat Power 28
Recent Developments 29
Essar Power Limited – Recent Developments 29
Jul 11, 2009: Essar Power Unveils Expansion Plans 29
Dec 18, 2008: Essar Plans To Increase Jamnagar Power Plant Production Capacity To 2,400 MW 29
Aug 22, 2013: Essar Power FY13 revenue up 72% at Rs. 2,371 crore; capacity up 152%, generation up 85% 29
Aug 02, 2017: Loss of power supply from private companies won’t affect Gujarat, India 31
Apr 06, 2017: India’s Essar Power generates 49% more electricity during 2016-17 fiscal year 31
Feb 16, 2017: Essar Group to invest INR100bn in Indian State of Jharkhand 31
Sep 30, 2016: Essar Power completes Phase I of 120 MW Paradip Power Project 31
Jun 12, 2016: India’s Essar Power to resume 500MW Hazira gas power plant in next quarter 32
May 03, 2016: Essar Power’s 1,200MW Mahan power plant resumes operations 32
Apr 14, 2016: Essar Ports Handles Record 6.25 MMT Cargo During March 2016 33
May 29, 2015: Alstom sets a new record with the production of the 200th 765kV transformer and reactor 33
Apr 13, 2015: Essar Power commissions the first unit of 120 MW Paradeep Power Plant 34
Jun 25, 2014: Indian Power Ministry may consider coal supply permit for 9.94GW power plants 34
May 24, 2014: MPPCB directs Essar Power to close Mahan I thermal power station 34
Mar 05, 2014: Indian Ministry of Coal rejects Essar Power’s demand of narrowing linkage for Mahan power plant 35
Jan 24, 2014: Essar Power reports accident at Salaya thermal power plant 35
Sep 12, 2013: Essar Energy agrees new US$300 million corporate loan facility 35
Aug 06, 2013: Odisha In India Stops Land Acquisition For Nava Bharat Power’s Coal-fired Project 35
Dec 26, 2012: Essar Power commissions 600MW Mahan I power project 36
Dec 24, 2012: Essar Energy Begins Commercial Operations Of 600 MW Unit 1 At Mahan I Power Project In Madhya Pradesh, India 36
Nov 12, 2012: Essar Energy Commissions 255 MW Unit 2 At Vadinar Phase 2 Coal-fired Power Project In Gujarat, India 37
Nov 12, 2012: Essar Power commissions second unit at Vadinar P2 power plant 37
Oct 31, 2012: Essar Power secures forest clearance for Mahan coal block 37
Apr 04, 2012: Essar Power set to triple operating capacity by June 2012 37
Jan 21, 2012: Gujarat State In India To Add More Than 3,000 MW Thermal Power Capacity In 2012-2013 38
Jan 15, 2012: Essar Power Plans To Enter Electricity Distribution Business In India 38
Sep 07, 2011: Madhya Pradesh To Allot Coal To Essar Power And DB Power From Amelia Coal Mining Project 38
Mar 18, 2011: Power Cell To Receive Fourth Tender For Sirajganj Combined-Cycle Power Project In Bangladesh 39
Jul 05, 2010: PFC Postpones RFQ Bidding Deadline For 4,000MW Chhattisgarh UMPP In India 39
Mar 19, 2009: Essar Power Raises INR3,500 Million Project Financing From IDFC Project Equity 39
Jan 12, 2011: Toshiba Wins Contract From Essar Power Gujarat To Supply Two 660MW Supercritical Steam Turbines And Generators 40
Jul 09, 2010: EPJL Signs PPA With BSEB For Tori I Power Plant 40
Aug 30, 2009: GAIL Signs GSPA With RIL For Purchase Of Gas From KG-D6 Fields In India 40
Appendix 42
Report Scope 42
GlobalData Coverage 42
Benchmarking 42
GlobalData’s Methodology 42
Secondary Research 42
Primary Research 43
Contact Us 43
Disclaimer 43
Essar Power Limited, Key Facts 5
Essar Power Limited, Operational Metrics, Capacity 6
Essar Power Limited, Operational Metrics, Generation 6
Essar Power Limited, Solar PV Parks, India 7
Essar Power Limited, Thermal Power Plants, India 8
Major Products and Services 10
Essar Power Limited, SWOT Analysis 14
Essar Power Limited, Key Employees 17
Essar Power Limited, Other Locations 18
Essar Power Limited, Subsidiaries 18
Essar Power Limited, Deals Summary 20
Essar Power to Invest USD1.6 Billion in Tori Power Plant in Jharkhand, India 21
Essar Power Orissa Completes Project Financing Of USD109.2 Million For Paradip Captive Power Plant In Orissa, India 22
Essar Power Completes Public Offering Of Bonds Due 2024 For US$147 Million 23
Essar Power Completes Public Offering Of Bonds Due 2024 For US$125 Million 24
Essar Oil To Acquire Remaining 73.99% Stake In Cogeneration Power Plant In India From Vadinar Power For US$345.4 Million 25
Essar Power to Acquire 50% Interest in Navabharat Power from Nava Bharat Projects for USD28.1 Million 26
Essar Steel Holdings To Sell Minority Interest In Essar Power For US$94 Million 27
Essar Power Completes Acquisition Of Remaining 24% Stake In Navabharat Power 28
