ISIN: GB00B5SXPF57 WKN: A1CXBL Essar Energy is an integrated Indian energy company with US$8 billion of assets in the existing power and oil and gas businesses.
27.12.2011 - 16:26:23ESSAR ENERGY ORD 5P. It is India’s second largest private power producer with a twelve year operating track record. Essar Energy also owns a portfolio of oil, gas and coal seam gas (CSG) blocks and is developing as a leading player in the rapidly emerging domestic gas market in India. Its low-cost Vadinar refinery is currently one of India’s largest oil refineries.
Essar Energy combines the existing energy portfolio of the Essar Group, a diversified Indian business corporation established over 40 years ago.
Essar Group has operations in the sectors of energy, power, steel, communications, shipping ports & logistics, construction and mining and minerals. Essar Group has a track record of building successful businesses across multiple industry segments, and its parentage provides Essar Energy with the ability to leverage Essar Group affiliated companies’ expertise and access in related segments such as ports, shipping, procurement and project management.
The business of Essar Energy comprises two divisions: Power (generation and transmission) and Oil and Gas (exploration and production, crude oil refining and marketing). Essar Energy currently has a total installed generation capacity of 1,220MW. Essar Energy’s operating power plants are co-located with Essar affiliated companies, with 75 per cent of the off-take contracted to these affiliates. Essar Energy’s power expansion projects are divided into two phases and are designed to bring total installed capacity to 11,470MW. Essar Energy operates its oil and gas business in India through Essar Oil, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Essar Energy currently has six blocks in India which, together with one coal seam gas (CSG) block for which it has been declared a provisional winner. In addition, it has obtained participating interests in oil and gas blocks and fields in Nigeria, Vietnam, Australia, Indonesia, and Madagascar. Essar Energy’s upstream business covers a combined surface area of approximately 23,000 sq km of onshore oil and gas blocks and fields plus approximately 21,000 sq km of offshore oil and gas blocks and fields.
The businesses of the whole group encompass 20 countries across five continents employing 60,000 people.
Essar Group has operations in the sectors of energy, power, steel, communications, shipping ports & logistics, construction and mining and minerals. Essar Group has a track record of building successful businesses across multiple industry segments, and its parentage provides Essar Energy with the ability to leverage Essar Group affiliated companies’ expertise and access in related segments such as ports, shipping, procurement and project management.
The business of Essar Energy comprises two divisions: Power (generation and transmission) and Oil and Gas (exploration and production, crude oil refining and marketing). Essar Energy currently has a total installed generation capacity of 1,220MW. Essar Energy’s operating power plants are co-located with Essar affiliated companies, with 75 per cent of the off-take contracted to these affiliates. Essar Energy’s power expansion projects are divided into two phases and are designed to bring total installed capacity to 11,470MW. Essar Energy operates its oil and gas business in India through Essar Oil, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Essar Energy currently has six blocks in India which, together with one coal seam gas (CSG) block for which it has been declared a provisional winner. In addition, it has obtained participating interests in oil and gas blocks and fields in Nigeria, Vietnam, Australia, Indonesia, and Madagascar. Essar Energy’s upstream business covers a combined surface area of approximately 23,000 sq km of onshore oil and gas blocks and fields plus approximately 21,000 sq km of offshore oil and gas blocks and fields.
The businesses of the whole group encompass 20 countries across five continents employing 60,000 people.
