Essar Energy gets power plant onto transmission grid
Essar Energy, the India-focused integrated energy company, says the first of two 255 megawatt (MW) units at its Vadinar Phase 2 power plant has been synchronised with the transmission grid.
Essar Energy, the India-focused integrated energy company, says the first of two 255 megawatt (MW) units at its Vadinar Phase 2 power plant has been synchronised with the transmission grid.
Vadinar, which is coal fired, is one of three power plants being completed by Essar Energy during 2012.
The 1,200MW Salaya I project has already been commissioned and is commercially operational, while the 1,200MW Mahan I project is expected to be synchronised shortly.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Most of the power generated by Vadinar P2 will be sold to Essar Oil's refinery at Vadinar, which the firm says will see improved margins because of the relatively lower cost of coal-fired generation.
Essar says work is "ongoing" to get the second 255 MW unit online.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How does the Lifetime ISA work? Key LISA rules
What is a Lifetime ISA (LISA) and how much could the government bonus boost your savings by? We look at the perks and the pitfalls.
-
AJ Bell: a fine British fintech going cheap
Opinion Don’t overlook investment platform AJ Bell, a significantly undervalued British business with an excellent financial base