Essar Power Ltd (EPoL) has recently completed Phase I (2×30 MW) of the 120 MW Paradip Power Plant following the synchronisation of the 30 MW second unit with the Odisha state grid. With this milestone, Essar Power’s installed capacity now stands at 4,705 MW.
Mr KVB Reddy, CEO, EPoL, said, “Our focus is on completing all our under construction projects in the quickest possible time and achieve our stated target of operationalizing 6,100 MW so that we can fully leverage on efficiencies of scale. With that goal in mind, the completion of Phase I of the Paradip project is an important milestone that we are delighted to reach.”
The 120 MW imported coal based power project at Paradip, Odisha, is developed by Essar Power Orissa Limited (EPOrL), which is a subsidiary of EPoL. This has been set up as a captive power plant to meet the requirements of Essar Steel India’s 12 million tonne pellet plant in Odisha. This project uses eco-friendly fluidised bed combustion technology boilers that result in lower emissions. With the commissioning of Unit 2, Essar Steel will be able to further reduce its power bill, and enhance its competitive edge.