Essar Power, one of India’s early private-sector power generators, is positioning itself for the next phase of growth as the country’s energy demand rises and the transition to cleaner energy sources accelerates.
The company is focused on building a diversified 5 GW energy portfolio, including renewable, thermal, and gas-based power plants. We would be actively operating in the renewable sector with a major focus on solar, wind, and battery energy storage systems (BESS). This strategy showcases a balanced approach, strengthening conventional generation while scaling up clean energy capacity.
A pioneer in India’s private power sector, Essar Power brings over 30 years of experience in power generation and transmission. Over this period, the company has built and operated more than 5 GW of capacity and 464km of transmission lines, with cumulative investments of nearly 30,000 crore.
Currently, Essar Power operates 1.2 GW of base-load capacity through Essar Power Gujarat Limited (EPGL). The company runs a 2×600 MW imported coal-based thermal power plant at Salaya, Gujarat. The plant is equipped with advanced sub-critical technology, enabling efficient, reliable, and environmentally compliant operations.
The entire capacity of the Salaya plant is contracted under a long-term power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL). The facility supplies ~5% of Gujarat’s total energy requirement, making it a key asset in the state’s power ecosystem.
In the renewable space, Essar Power has secured three major central government renewable energy tenders with NHPC and SJVN, with an aggregate awarded capacity of 900 MW, including 300 MW FDRE comprised of solar, wind and BESS.
Essar Power has also signed Memoranda of Understanding (MoUs) with state governments including Maharashtra, Gujarat, Rajasthan, Andra Pradesh, Assam and Karnataka, for development of renewable power projects including BESS.
As electricity demand continues to grow across India’s industrial and urban centres, Essar Power’s strategy remains centred on reliable baseload generation, which continues to play a critical role in grid stability even as renewable capacity expands.
This approach is aligned with the national vision and contributes to India’s target of achieving 500 GW of renewable energy capacity by 2030
Source: Business Standard
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