Essar Energy's operations straddle the global power, and oil and gas industries with existing operations and projects under development in both.
The company is one of India's largest private power producers with a 14-year operating track record. Its power business currently has four operational power plants in India and one in Algoma, Canada, with a total installed generation capacity of 1,600 MW. With three projects nearing completion, the company plans to have 4,510 MW of operating capacity by March 2012 and, on completion of a further seven power projects, 9,870 MW of operating capacity by March 2014.
In the oil and gas sector, the company has 15 blocks and fields for the exploration and production of oil and gas in India, Indonesia, Australia, Madagascar, Nigeria and Vietnam. Total reserves and resources across these blocks is 2,132 mmboe.
Essar Energy's refining and marketing business primarily consists of the Vadinar refinery, the second-largest private sector refinery in India, the Stanlow refinery in the United Kingdom and a 50 percent interest in Kenya Petroleum Refinery. Essar Energy serves retail customers in India through a modern, countrywide network of 1,630 operational and under-construction retail fuel outlets.
Essar Energy (ESSR) is listed on the London Stock Exchange (LSE) and made its entry into the FTSE 100 Index in June 2010. In India, the company operates its oil and gas business through Essar Oil, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India.