Essar Power Gujarat Turns Profitable; Q1 EBITDA Jumps 90 Percent


Essar Power Gujarat Ltd (EPGL), which possesses and works a 1,200 MW imported coal-let go warm power plant at Salaya in Gujarat’s Devbhumi Dwarka area, has recorded a noteworthy 90% development in EBITDA for the quarter year finished 30 June 2016. This spike in execution can be ascribed to fundamentally higher plant accessibility, a 32% expansion in vitality deals, and a 13% decrease in the coal cost per unit in view of an extending coal wicker bin, e-sell off based acquisition, falling coal costs and significant proficiency changes.

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In Q1 FY17, plant accessibility enhanced by 82%, prompting a powerful development in deals, which remained at Rs 522 crore quarter-on-quarter—up from Rs 396 crore in Q1 FY16. Operational efficiencies, particularly the warmth rate, enhanced by around 1.5% after turbine redesign in one of the units. Fund costs for Q1 FY17 were lower by 12%, prompting a PAT of Rs 1 crore against a net loss of Rs 126 crore in the relating quarter in the past financial.

Mr Sushil Maroo, Executive Vice Chairman, Essar Power, said: “Essar Power Gujarat’s execution is in accordance with our objective to tackle the most extreme capability of our advantages through effectiveness picks up. We are resolved to recreate this accomplishment over every one of our plants.”

As per Mr Ramesh Kumar, Managing Director, EPGL: “We have had an amazing quarter in light of lower coal cost, as well as inferable from the way that we have possessed the capacity to work proficiently. Our center is to promote cut down operation and upkeep costs, which have been reliably beneath CERC standards. We are on course to bridle more prominent efficiencies and critical cost investment funds with the normal authorizing of an ocean water admission framework and coal transport hall.”

EPGL has gotten the Award for Excellence in Energy Efficiency at the seventeenth CII National Awards held at Hyderabad. It additionally got the honor for the Most Useful Presentation at the same occasion.

Essar Power Gujarat Ltd (EPG) possesses and works the 2×600 MW warm power plant in Salaya, Gujarat. EPGL, a backup of Essar Power Ltd, has a continuous 25-year PPA with the nation’s most astounding evaluated discom, the Gujarat Urja Vikas Nigam Limited (GUVNL; Rating A1+), for 90% of its ability.

Essar Power Ltd is one of India’s biggest private segment power makers with more than 20 years’ working reputation. It possesses power plants in India and Canada with an aggregate era limit of 6,100 MW, of which 4,675 MW is operational. Of the aggregate operational limit, 3,075 MW is coal-based, while 1,600 MW is gas-based. The working plants in India are situated in Mahan, Chhatisgarh, and Hazira, Salaya and Vadinar, in Gujarat.

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