OREANDA-NEWS. May 17, 2011. Essar Energy plc (LSE: ESSR), the India-focused integrated energy company, released its Interim Management Statement (IMS) for the 3 month period ended 31 March 2011.

Highlights

Solid operating performance

High power plant availability

Record refinery throughput and production 

50% increase in current price GRM to USD 8.71/bbl in Q1 2011 vs USD   5.82/bbl in Q1 2010  

Vadinar P1 power plant enters commercial operations

Mahan 20 km LILO transmission line completed

Raniganj CBM producing around 40,000 scm/day

Agreement signed to buy Stanlow refinery for USD 350 million

USD  550 million raised through Convertible Bond offering

All projects progressing well

Announced provisional winner of CB-ONN-2010/11 onshore oil block in NELP IX bid round