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{{Use dmy dates|date=April 2020}}
{{Infobox company
| name = Essar Energy Plc
| logo = Essarenergy.png
| logo_size = 200px
| type = Subsidiary
| founded = 1998
| location = [[Port Louis, Mauritius]]
| key_people = Prashant Ruia (Chairman and Non- Executive Director), S Thangapandian (Chief Executive Officer), Simon Murray CBE (Vice Chairman)
| industry = [[Oil and gas industry|Oil and gas]], [[Energy industry|Energy]]
| products = refined petroleum products, electricity
| revenue = US$27,257.7 million (2013)<ref name=ar>{{Cite web |url=http://www.essarenergy.com/media/41275/essar_ar_2013.pdf |title=Annual Report 2013 |access-date=17 March 2014 |archive-url=https://web.archive.org/web/20131030222925/http://www.essarenergy.com/media/41275/essar_ar_2013.pdf |archive-date=30 October 2013 |url-status=dead }}</ref>
| operating_income=US$790.8  million (2013)<ref name=ar/>
| net_income = US$(175.0) million (2013)<ref name=ar/>
| num_employees =
| parent = [[Essar Group]]
| subsid = [[Essar Oil]]
| homepage = [http://www.essarenergy.com www.essarenergy.com]
| caption =
}}

'''Essar Energy Plc''' is an Indian-focused [[Energy (society)|energy]] company with assets in the existing power and oil and gas businesses. Headquartered in Port Louis, Mauritius and subsidiary of [[Essar Group]], the firm has interests in both the [[Electricity generation|power generation]] and [[petroleum industry|petroleum]] industries. In May 2014 the company was acquired by its majority shareholder.

==History==
Established in 1998 as a wholly owned business unit of the [[Essar Group]] [[conglomerate (company)|conglomerate]],<ref>{{Cite web |url=http://www.essarenergy.com/images/Prospectus.pdf |title=Essar Energy: Prospectus |access-date=20 June 2010 |archive-url=https://web.archive.org/web/20120308105452/http://www.essarenergy.com/images/Prospectus.pdf |archive-date=8 March 2012 |url-status=dead }}</ref> the firm was partly floated on the [[London Stock Exchange]] in April 2010, marking the exchange's largest [[initial public offering]] since December 2007.<ref>{{Cite news|last=Kumar|first=Nikhil|title=Essar suffers worst IPO in eight years|url=https://www.independent.co.uk/news/business/news/essar-suffers-worst-ipo-in-eight-years-1962479.html|access-date=20 June 2010|newspaper=[[The Independent]]|date=5 May 2010}}</ref> The company was added to the [[FTSE 100 Index]] at the subsequent quarterly review. Essar Group retains an approximate 76% stake in Essar Energy.<ref>{{cite web|title=NOTIFICATION OF MAJOR INTEREST IN SHARES|url=http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20100511:nRSK7379La|publisher=Essar Energy|access-date=20 June 2010|page=11 May 2010}}</ref> The lead underwriters to the initial public offering were [[JPMorgan Chase]] and [[Deutsche Bank]]. The primary offering raised £1.3bn. Ravi Ruia, the Chairman, and Sanjay Mehta, a senior board member of Essar Global Limited, were identified in an "Economic Times of India" article as instrumental in the listing.<ref>[http://economictimes.indiatimes.com/Corporate-Trends/Essars-RaviRuia-relocates-to-london-to-raise-3bn/articleshow/5753230.cms Essar's Ravi Ruia relocates to London; to raise $3bn]</ref>

Essar Energy announced in 2013 that it would sell its 50% stake in the Kenya Petroleum Refineries Limited to the Kenyan government.<ref>{{Citation
| url = http://www.oilreviewafrica.com/downstream/downstream/essar-energy-to-sell-mombasa-refinery-stake
| title= Essar Energy to sell Mombasa refinery stake
| year = 2013
| publisher = Oil Review Africa
| publication-place = International
}}</ref>

In May 2014 the company was acquired by its majority shareholder.<ref>{{cite web|url=https://www.reuters.com/article/us-essarenergy-offer-idUSBREA480LX20140509|title=Ruias win shareholder approval to buy Essar Energy|date=9 May 2014|agency=Reuters|access-date=24 June 2014}}</ref>

==Operations==

===Oil and gas===
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to oil retail.

====Operations====
Exploration and production
* Asia & Africa
* Vadinar, Gujarat, India
* Stanlow, UK
* Mombasa, Kenya

===Power===
Essar Energy has an installed power generation capacity of 3,910 MW across six [[Power station|plants]].<ref name="essarenergy1">{{cite web |url=http://www.essarenergy.com/operations/power.aspx |title=Power |publisher=Essar Energy |access-date=2014-03-20 |archive-url=https://web.archive.org/web/20140908062217/http://essarenergy.com/operations/power.aspx |archive-date=8 September 2014 |url-status=dead }}</ref>

====Power plants====
* [[Essar Hazira Power Plant]], Hazira, Gujarat. It is a '''515 MW''' (1x215, 1x300 MW) gas-based thermal power plant. The plant is fully functional.<ref name="essarenergy1"/>
* [[Essar Vadinar Power Plant]], Vadinar, Gujarat. It is a '''1010 MW''' (1x120, 1x380 MW, 1x510 MW) captive thermal power plant. The plant is fully functional.<ref name="essarenergy1"/>
* [[Essar Bhander Power Plant]], Hazira, Gujarat. It is a '''500 MW''' (1x500 MW) gas-based thermal power plant. The plant is fully functional.<ref name="essarenergy1"/>
* [[Essar Salaya Power Plant]], Salaya, Gujarat. It is a '''1200 MW''' (2x600 MW) coal-based thermal power plant. The plant is fully functional.
* Essar Algoma Power Plant, Algoma, [[Ontario]], [[Canada]]. It is an '''85 MW''' (1x85 MW) thermal power plant. The plant is fully functional.<ref name="essarenergy1"/>
* [[Essar Mahan Power Plant]], Mahan, [[Singrauli district]] Madhya Pradesh. It is a '''1200 MW''' (2x600 MW) coal-based thermal power plant. One unit is functional.
* [[Essar Hazira-2 Power Plant]], Hazira, Gujarat. It is a '''270 MW''' (1x135 MW) thermal power plant. This plant is yet to become operational.
* [[Essar Tori Power Plant]], Tori, Jharkhand. It is an '''1800 MW''' (3x600 MW) coal-based thermal power plant. This plant is yet to become operational.
* [[Essar Paradip Power Plant]], Paradip, Odisha. It is a '''120 MW''' (4x30 MW) coal-based thermal power plant. This plant is yet to become operational.

===Petroleum===
[[File:Essar Petrol Bunk 31102016.jpg|thumb|A petrol filling station belonging to Essar Petroleum in Khammam, Telangana, India]]
The firm's oil and gas joint venture with [[Reliance Petroleum]] is carried out through its 86%-owned subsidiary Essar Oil.<ref>{{Cite news|last=Eluvangal|first=Sreejiraj|title=Essar Energy invests $225 million in Essar Oil|url=https://www.dnaindia.com/business/report-essar-energy-invests-225-million-in-essar-oil-1390864|access-date=12 March 2021|newspaper=[[DNA (newspaper)|DNA]]|date=2 June 2010}}</ref>

Essar Oil owns and operates [[Essar Refinery]] a [[oil refinery|petroleum refinery]] at [[Vadinar]] in [[Jamnagar district]], [[Gujarat]], It is India's second largest refinery, which has a capacity of 18 million metric tons per annum.<ref>{{Cite news|title=Essar Energy to be listed on London's FTSE 100|url=https://www.thehindu.com/business/companies/Essar-Energy-to-be-listed-on-Londons-FTSE-100/article16242482.ece|access-date=12 March 2021|newspaper=[[The Hindu]]|date=10 June 2010}}</ref>

Essar Oil holds both onshore and offshore petroleum [[Hydrocarbon exploration|exploration]] and [[Extraction of petroleum|production]] rights within India, as well as rights to a [[coalbed methane]] [[Block (extraction of petroleum)|block]]. The firm also holds exploration and production interests in Nigeria, Vietnam, Australia, Indonesia, and Madagascar. Its total [[Oil reserves|reserves]] amount to {{convert|2|Moilbbl|m3|abbr=on}} equivalent of 2P (proved plus probable) resources, {{convert|148|Moilbbl|m3|abbr=on}} equivalent in contingent resources and {{convert|1012|Moilbbl|m3|abbr=on}} equivalent in prospective resources. In June 2012 Essar Energy received the final forest approval for developing a coal mine in Indonesia.<ref>{{cite news| url= http://www.thehindubusinessline.com/companies/article3505566.ece| title= Essar Energy gets final nod to develop coal mine |work=Business Line| date=8 June 2012}}</ref>

==References==
{{reflist}}

==External links==
*[https://web.archive.org/web/20170414080738/http://www.essarenergy.com/ Official site]

{{Essar Group}}
{{Energy in the United Kingdom|companies}}

{{Authority control}}

[[Category:Essar Group]]
[[Category:Electric power companies of Mauritius]]
[[Category:Oil companies of Mauritius]]
[[Category:Energy companies established in 1998]]
[[Category:Non-renewable resource companies established in 1998]]
[[Category:Companies formerly listed on the London Stock Exchange]]
[[Category:2010 initial public offerings]]
[[Category:2014 mergers and acquisitions]]
[[Category:Companies based in Port Louis]]
[[Category:1988 establishments in Mauritius]]

Essar Energy - Revision history

>GreenC bot at 09:00, 5 July 2021