Essar Power appoints Mr Ramesh Kumar as Managing Director
Essar Power today announced the appointment of Mr Ramesh Kumar as Managing Director, Essar Power Gujarat Limited, Salaya. Essar Power, part of Essar Energy plc is a first mover among the private sector players in the Indian power industry. Essar Energy is a world-class, low-cost, integrated energy company focused on India and well-positioned to capitalize on India’s rapidly growing energy demand, said in the company's press release.
With around 32 years of experience, Mr. Ramesh Kumar, a post graduate in commerce and a qualified cost accountant, joins Essar Power from KSK Energy Ventures Ltd. Besides being Managing Director of the holding company, KSK Electricity Financing India Pvt Ltd, he also held the position of President - Operations and was responsible for operations of Sitapuram Power Ltd, Arasmeta Captive Power Co Pvt Ltd, Sai Regency Power Co Pvt Ltd, VS Lignite Power Pvt Ltd and Wardha Power Co Ltd. He was also responsible for heading the Insurance, Regulatory and Legal function for the Group including Planning, Budget Management, and Commercial and Procurement activities related to generation of power. Prior to KSK, Mr Kumar served with Andhra Cements as Vice President - Finance, responsible for Finance, Treasury, Direct and Indirect Taxation, Debt restructuring and Legal compliances.
Mr. Ramesh Kumar will be responsible for the entire operations of Essar Power’s imported coal fired 1,200 MW Salaya power plant at Gujarat, and will report to Mr KVB Reddy, Executive Director, Essar Power Ltd.
Commenting on his appointment, Mr KVB Reddy said, “Ramesh has rich experience in managing operations of power plants. He has thorough understanding of regulatory matters, commercial and financial perspectives of the business. His profound skills and expertise will play a very crucial role in strategizing and achieving new heights for Essar Power Gujarat Limited.”
About Essar Power
Essar Power, a subsidiary of LSE-listed Essar Energy, is one of India's leading private power producers with a 14-year operating track record. Essar Power has seven operational power plants in India and one operational power plant in Algoma, Canada, with a total installed generation capacity of 3,910 MW. This capacity is increasing to 6,700 MW. Essar Power also has access to approximately 500 mt of coal resources across seven coal blocks in India and overseas.
About Essar Energy
Essar Energy (LSE:ESSR) is a world-class, low-cost, integrated energy company with an established track record.
Essar Energy, through its subsidiaries, owns one of India's largest private power producers with 3,910 MW of installed capacity and projects under construction to expand its capacity to 6,700 MW.
Essar Energy, through its subsidiaries, owns one of India's fastest growing private sector oil and gas companies with a diverse portfolio of exploration and production assets. The Vadinar refinery, located in Gujarat, is India's second largest private sector oil refinery with throughput capacity of 20 million metric tonnes per annum, or 405,000 barrels per day. The Stanlow refinery is the UK’s second largest refinery with throughput capacity of 296,000 barrels per day, or 14.6 million metric tonnes per annum.
