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 Gujarat State utility re-instated

Tori I power purchase agreement signed with Bihar State utility at Rs 3.28/kWh (levelised)

Stanlow refinery integration progressing to plan – 5 opportunity crudes introduced since completion

Essar Energy to create a sponsored level 1 American Depository Receipt (ADR)