Essar Power, a wholly-owned subsidiary of the Ruia-owned Essar Group, today announced it has commissioned the second 600 megawatt (Mw) unit of the Mahan power plant in Madhya Pradesh, completing overall Rs 8,000 crore investment in the flagship project.
“With the completion of the capex cycle at Mahan, we now have 3,830 Mw of generation capacity, with another 1,260 Mw under construction, and a presence in the high-margin transmission sector. We have invested more than Rs 30,000 crore in the power portfolio, which includes Rs 10,000 crore of equity and are now among India’s largest private power producers,” Prashant Ruia, Director-Essar Group, said.
He added the cancellation of the coal mine assigned to the plant had severely affected the Mahan project and led to project delays and cost overruns, leading the company to double equity investment to Rs 3,300 crore to ensure the project is completed.
The company said both the 600 Mw units of the 1,200 Mw project are now operational and are supported by raw material sourcing and evacuation infrastructure. Read more
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