Essar Power Gujarat Delivers Strong Half Year Performance

The strong financial performance can be attributed to robust improvement in all operational parameters, like plant availability, which grew by 14%, as well as generation, which also grew by 14% to 2,953 million units as against 2,595 million units in the corresponding period last year. Input costs, on the other hand, were lower. The coal cost, for instance, came down by 9% to Rs 1.95/kWh from Rs 2.13/kWh.

Essar Power Gujarat Delivers Strong Half Year Performance

Essar Power Gujarat Ltd (EPGL), a subsidiary of Essar Power Ltd (EPL), and the owner and operator of a 1,200 MW imported coal-fired thermal power plant at Salaya in Gujarat’s Devbhumi Dwarka district, has recorded a 33% growth in EBITDA in the half year ending 30 September 2016 over the previous fiscal.