Work
is currently under way to increase generation capacity
to 6,000 MW. The company will set up three coal-based
plants of 1,200 MW each in Gujarat, Madhya Pradesh
and Jharkhand, aggregating 3,600 MW. An additional
1,200 MW (co-generation plant of equivalent capacity)
is also under development in Vadinar to supply power
and steam to the expanded refinery. With
a license to enter the transmission, distribution
and power trading segments, Essar Power is now
a fully integrated, end-to-end player in the Power
sector. By using the latest technology and equipment,
Essar Power can generate and supply power at very
competitive price points. The company also has
the capability to execute power projects for other
companies.
Essar Power is exploring opportunities for new
projects based on thermal, wind and hydro energy.
It is also committed to reducing emissions from
its plants and earning carbon credits. The 500
MW combined cycle power plant at Hazira is eligible
for Certified Emission Reductions (CERs) under
the Kyoto Protocol’s Clean Development Mechanism
(CDM). |