Essar Energy Plc

Description of business:
Essar Energy is a world class, low-cost, India focused energy company with an established track record. The Essar Group is a diversified Indian business corporation established over 40 years ago by Shashi Ruia and Ravi Ruia, Chairman and Vice-Chairman of the Essar Group respectively. With the commissioning of a 515 megawatts ("MW") gas fired power plant in Hazira, India in October 1997, Essar Energy was an early mover in India's private power industry. In addition to a 12 year operating track record, Essar Energy has also successfully built and commissioned a further 705 MW of generation capacity in India and Canada. Essar Energy is currently India's second largest private power producer. Essar Energy is one of India's fastest growing private sector oil and gas companies with a diverse portfolio of exploration and production assets. The Vadinar refinery, located in Gujarat, is India's second largest private sector oil refinery with expansion plans that are expected to make the Vadinar refinery one of the largest and most complex refineries in the world. Essar Energy is incorporated in the UK, and has its registered office in London and its head office in Mauritius record. Essar Energy is India's second largest private power producer with 1,200MW of installed capacity and projects under planning and construction to expand its capacity to 6,100 MW in Phase I and 11,470 MW in Phase II. Essar Energy is one of India's fastest growing private sector oil and gas companies with a diverse portfolio of exploration and production assets. The Vadinar refinery, located in Gujarat, is India's second largest private sector oil refinery with throughput capacity of 14mmtpa and plans to expand to 18mmtpa by March 2011.