Essar Energy Announced Interim Management Statement
OREANDA-NEWS. November 8, 2011. Essar Energy plc (LSE:ESSR), the India-focused integrated energy company, today released its Interim Management Statement (IMS) for period ended 30 September 2011.
Highlights
Solid operating performance
High power plant availability
Vadinar refinery throughput reduced by 18% to 3.03 MMT primarily due to planned shut down
13% increase in Vadinar refinery current price GRM to USD 7.62/bbl
Vadinar refinery phase 1 expansion – mechanical completion by end December 2011
Significant progress on power projects – 2,910 MW to complete before March 2012
Salaya II power purchase agreement with
Tori I power purchase agreement signed with
Stanlow refinery integration progressing to plan – 5 opportunity crudes introduced since completion
Essar Energy to create a sponsored level 1 American Depository Receipt (ADR)
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