Essar began as a construction company in 1969 and has diversified into manufacturing, services and retail over the years since then. Over the last decade, it has grown through strategic global acquisitions and partnerships, or through greenfield and brownfield development projects, capturing new markets and discovering new raw material sources. Today, the Group continues to expand its global footprint, focusing on markets in Asia, Africa, Europe, the Americas and Australia. Essar invests significantly in the latest technology to drive forward and backward integration in its businesses, and on leveraging synergies between these businesses. It also focuses on in-house research and innovation to be a low-cost manufacturer with high-quality products and innovative customer offerings. The combined assets of Essar Power and Essar Oil constitute Essar Energy plc, a company that was listed on the London Stock Exchange in 2010 following a highly successful initial public offer (IPO), the second-largest overseas IPO ever floated by a company of Indian origin. Alongside its ambitious business pursuits, Essar has been committed to its social responsibility. The Group runs community outreach initiatives at all its plant locations, with a focus on education, healthcare, environmental and agricultural development, and self-employment. Essar is committed to sustainable business practices. Its Health, Safety and Environment (HSE) management system is on par with global standards. The Group is also actively undertaking climate change initiatives to reduce its carbon footprint. This includes several Clean Development Mechanism (CDM) projects that earn the company 'Certified Emission Reduction' credits. A growing number of its businesses – with new businesses joining the list every year – are certified to international environment standards, including ISO 9001 /14001, and health and safety standards, such as OHSAS 18001. The Essar Group is widely regarded as a responsible and conscientious global employer. It has experience in managing businesses in different geographies with a culturally diverse workforce. This is why its people practices are sensitive to cross-cultural nuances. The Group's people strategy is focused on promoting a learning culture that continually enhances the professional skills of its employees.
1
Essar Energy Essar Energy is a world-class, low-cost, integrated energy company focused on India and positioned to capitalize on India’s rapidly growing energy demand. We have an established track-record and assets worth US$12 billion across the power and oil and gas industries Essar Energy's operations straddle the global power, and oil and gas industries with existing operations and projects under development in both. The company is one of India's largest private power producers with a 14-year operating track record. Its power business currently has four operational power plants in India and one in Algoma, Canada, with a total installed generation capacity of 1,600 MW. With three projects nearing completion, the company plans to have 4,510 MW of operating capacity by March 2012 and, on completion of a further seven power projects, 9,870 MW of operating capacity by March 2014.
1
http://www.essar.com/section_level1.aspx?cont_id=SD7sjPUVBkw=
In the oil and gas sector, the company has 15 blocks and fields for the exploration and production of oil and gas in India, Indonesia, Australia, Madagascar, Nigeria and Vietnam. Total reserves and resources across these blocks is 2,132 mmboe. Essar Energy's refining and marketing business primarily consists of the Vadinar refinery, the secondlargest private sector refinery in India, the Stanlow refinery in the United Kingdom and a 50 percent interest in Kenya Petroleum Refinery. Essar Energy serves retail customers in India through a modern, countrywide network of 1,630 operational and under-construction retail fuel outlets. Essar Energy (ESSR) is listed on the London Stock Exchange (LSE) and made its entry into the FTSE 100 Index in June 2010. In India, the company operates its oil and gas business through Essar Oil, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Essar has a global portfolio of onshore and offshore oil and gas blocks, with about 35,000 sq km available for exploration. We have over 750,000 bpsd (barrels per stream day) of global crude-refining capacity (Vadinar+Stanlow+Kenya). In marketing, the company operates a network of over 1,400 retail outlets across India, with another 200 under various stages of commissioning.2 Oil & Gas Essar’s exploration and production business has 2.1 billion barrels of oil equivalent of reserves and resources. Of this, approximately 150 million barrels are 2P and 2C resources, 1 billion barrels are prospective resources and 1 billion barrels are unrisked, in-place resources. Largest CBM player in India We have CBM acreage of over 2,700 sq km in India, which gives us the largest CBM acreage in the country. Our CBM block in Raniganj is close to commercial production and has signed customer contracts with several companies. Large refining capacity We have a 20MTPA refinery at Vadinar in Gujarat, which started commercial production on May 1, 2008. With state-of-the-art technology, it has the capability to produce petrol and diesel that meets the latest Euro IV and Euro V emission standards. The refinery produces LPG, Naphtha, light diesel oil, Aviation Turbine Fuel (ATF) and kerosene. It has been designed to handle a diverse range of crude — from sweet to sour and light to heavy. It is supported by an end-to-end infrastructure setup, including SBM (Single Buoy Mooring), crude oil tanker facility, water intake facilities, a captive power plant, product jetty and dispatch facilities by both rail and road. We have made substantial investments in installing the most advanced equipment and units in our refinery. At 97m, the refinery’s crude column is Asia’s tallest and capable of enhanced separation of
2
http://www.essar.com/section_level1.aspx?cont_id=kTlcETqPrco=
petroleum products. The DHDS reactor is also the largest in its category, capable of producing Euro Vcompliant diesel. The refinery is, in fact, unique in its complexity and its ability to produce value-added products. All units have operated many notches over their rated capacities with the crude unit achieving over 14 million tonnes (300,000 bpsd) in the very first year of operation. This is a first for any refinery in India. In 2012, the refinery capacity was expanded to 20 million tonnes with an increase in its complexity from 6.1 currently to 11.8 on the Nelson index, making it India's second largest single-location refinery. To date, our Vadinar refinery has successfully processed more than 50 varieties of crude from across world, including some of the “toughest crudes”. In 2011, Essar acquired the Stanlow Refinery from Shell, which is the second largest refinery in England. The Stanlow Refinery, with a capacity of 296,000 barrels per day, lies near to Liverpool in northwest England, on the south bank of the Manchester ship canal. It supplies approximately 15 per cent of the country's transport fuel requirements. Essar also holds 50 per cent interest in Kenya Petroleum Refinery Ltd, Mombasa, a tolling refinery with a current throughput of 1.6 mmtpa. Retail and Marketing Essar Oil serves retail customers in India through a modern, countrywide network of over 1,400 operational retail outlets and about 200 more under various stages of commissioning. We were the first private Indian company to enter petro-products retailing, looking beyond urban markets and reaching out to consumers in India’s heartland. Tie-ups with other Indian oil marketing companies gives Essar Oil access to the products and the right to use their terminals and facilities for placing and marketing our products. This gives the company panIndia presence with more than 30 supply locations. We offer a wide range of products to bulk customers in the industrial and transport sectors. Essar Oil has product offtake and infrastructure sharing agreements with all the oil PSUs (the state-owned public sector units), namely Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation (IOCL). We have received approvals to supply ATF to the Indian Armed Forces.3 Essar Power Essar Power is one of India's leading private power producers with a 14-year operating track record. The company's power business currently 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 by March 2014. Essar Energy also has access to approximately 500 mmt of coal resources across seven coal blocks in India and overseas.
3
http://www.essar.com/section_level1.aspx?cont_id=fBlwNPJhC0c=
Essar Power — Hazira (515 MW) Commissioned in October 1997, the Essar Power-Hazira power plant is a multi-fuel (naphtha, high-speed diesel, natural gasoline liquid and/or natural gas) combined-cycle power plant located near the Essar Steel facility in Hazira, Gujarat. Essar Steel and GUVNL, the Gujarat State power utility, purchase 215 MW and 300 MW of the power, respectively. They are responsible for providing the fuel required at the power plant to generate the power. Vadinar Power — Jamnagar (120 MW) The Vadinar Power power plant, located at the Vadinar refinery complex, is one of the Vadinar refinery's captive power and steam co-generation plant. The plant is a 120 MW refinery residue-based multi-fuel, captive, co-generation plant, with capacity to generate 77 MW of power and 230 tph of steam. Essar Oil provides the fuel required at the power plant to generate the power and steam for the power plant's operations. Bhander Power — Hazira (500 MW) The Bhander Power-Hazira plant, located in Hazira, Gujarat, is a natural gas-fired combined-cycle captive power plant. The plant was commissioned in 2006 and commenced full commercial operations in October 2008. Essar Steel and other Essar Affiliated Companies are responsible for providing the natural gas required by the Bhander Power-Hazira plant, and in turn take the power generated pursuant to their PPAs with Bhander Power. Algoma Power Plant — Canada (85 MW) Essar Power (Canada) (formerly Algoma Energy LLP) owns and operates the Algoma Power Plant in Ontario, Canada. This 85 MW co-generation plant was commissioned on June 13, 2009. The plant's facilities include two 375,000 pound/hour boilers and a 105 MW turbine. The power plant converts waste gases from Essar Steel, Algoma, into electricity and steam for the steelworks. And 63 MW of the power produced is sold to the Ontario Power Authority pursuant to a 20 year power purchase agreement which expires in 2029. Vadinar P1 — Gujarat (380 MW) The Vadinar P1 power plant, located at the Vadinar refinery complex, is the Vadinar refinery's second captive power plant. This plant is a 380 MW natural gas-fired combined- cycle plant. This plant was the first to be commissioned since the company's IPO in May 2010. Essar Oil provides the fuel required at the power plant to generate the power and steam for the power plant's operations.
Salaya I — Gujarat (1,200 MW) The Salaya I power plant, located near Essar Oil's refinery complex at Vadinar, Jamnagar district, Gujarat, is an imported coal-fueled thermal power plant with two 600-MW generation units. Salaya I Unit 1 (600 MW) started commercial operations from April 2012. Coal for the plant will be extracted from Essar Energy's captive coal mine in Indonesia. Vadinar P2 — Gujarat (510 MW) Vadinar P2 power plant consists of a multi-fuel (coal, naphtha, light cycle oil, clarified slurry oil and furnace oil) co-generation power plant with 325 MW of power capacity and 900 tons per hour (tph) of steam capacity. Steam from the facility will be provided to Essar Oil's Vadinar refinery and power supplied to Essar Oil, Essar Steel and the merchant market. Fuel for Vadinar P2 will be provided by Essar Oil and Essar Steel in line with their purchase requirements. Mahan I — Madhya Pradesh (1,200 MW) The Mahan I power plant is a 1,200 MW (2x600 MW) captive coal-fired pit-head power plant located in Singrauli district, Madhya Pradesh. Mahan I Unit I began commercial operations in December 2012. Coal for the plant will be supplied from the Mahan captive coal block located approximately 5 km from the power plant site.4
http://www.essar.com/section_level1.aspx?cont_id=SD7sjPUVBkw=http://www.essar.com/section_level1.aspx?cont_id=fBlwNPJhC0c=http://www.essar.com/section_level1.aspx?cont_id=kTlcETqPrco=http://www.essar.com/section_level1.aspx?cont_id=VQnaaH3tLmI=
4
http://www.essar.com/section_level1.aspx?cont_id=VQnaaH3tLmI=
doc_930044854.docx
1
Essar Energy Essar Energy is a world-class, low-cost, integrated energy company focused on India and positioned to capitalize on India’s rapidly growing energy demand. We have an established track-record and assets worth US$12 billion across the power and oil and gas industries Essar Energy's operations straddle the global power, and oil and gas industries with existing operations and projects under development in both. The company is one of India's largest private power producers with a 14-year operating track record. Its power business currently has four operational power plants in India and one in Algoma, Canada, with a total installed generation capacity of 1,600 MW. With three projects nearing completion, the company plans to have 4,510 MW of operating capacity by March 2012 and, on completion of a further seven power projects, 9,870 MW of operating capacity by March 2014.
1
http://www.essar.com/section_level1.aspx?cont_id=SD7sjPUVBkw=
In the oil and gas sector, the company has 15 blocks and fields for the exploration and production of oil and gas in India, Indonesia, Australia, Madagascar, Nigeria and Vietnam. Total reserves and resources across these blocks is 2,132 mmboe. Essar Energy's refining and marketing business primarily consists of the Vadinar refinery, the secondlargest private sector refinery in India, the Stanlow refinery in the United Kingdom and a 50 percent interest in Kenya Petroleum Refinery. Essar Energy serves retail customers in India through a modern, countrywide network of 1,630 operational and under-construction retail fuel outlets. Essar Energy (ESSR) is listed on the London Stock Exchange (LSE) and made its entry into the FTSE 100 Index in June 2010. In India, the company operates its oil and gas business through Essar Oil, which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Essar has a global portfolio of onshore and offshore oil and gas blocks, with about 35,000 sq km available for exploration. We have over 750,000 bpsd (barrels per stream day) of global crude-refining capacity (Vadinar+Stanlow+Kenya). In marketing, the company operates a network of over 1,400 retail outlets across India, with another 200 under various stages of commissioning.2 Oil & Gas Essar’s exploration and production business has 2.1 billion barrels of oil equivalent of reserves and resources. Of this, approximately 150 million barrels are 2P and 2C resources, 1 billion barrels are prospective resources and 1 billion barrels are unrisked, in-place resources. Largest CBM player in India We have CBM acreage of over 2,700 sq km in India, which gives us the largest CBM acreage in the country. Our CBM block in Raniganj is close to commercial production and has signed customer contracts with several companies. Large refining capacity We have a 20MTPA refinery at Vadinar in Gujarat, which started commercial production on May 1, 2008. With state-of-the-art technology, it has the capability to produce petrol and diesel that meets the latest Euro IV and Euro V emission standards. The refinery produces LPG, Naphtha, light diesel oil, Aviation Turbine Fuel (ATF) and kerosene. It has been designed to handle a diverse range of crude — from sweet to sour and light to heavy. It is supported by an end-to-end infrastructure setup, including SBM (Single Buoy Mooring), crude oil tanker facility, water intake facilities, a captive power plant, product jetty and dispatch facilities by both rail and road. We have made substantial investments in installing the most advanced equipment and units in our refinery. At 97m, the refinery’s crude column is Asia’s tallest and capable of enhanced separation of
2
http://www.essar.com/section_level1.aspx?cont_id=kTlcETqPrco=
petroleum products. The DHDS reactor is also the largest in its category, capable of producing Euro Vcompliant diesel. The refinery is, in fact, unique in its complexity and its ability to produce value-added products. All units have operated many notches over their rated capacities with the crude unit achieving over 14 million tonnes (300,000 bpsd) in the very first year of operation. This is a first for any refinery in India. In 2012, the refinery capacity was expanded to 20 million tonnes with an increase in its complexity from 6.1 currently to 11.8 on the Nelson index, making it India's second largest single-location refinery. To date, our Vadinar refinery has successfully processed more than 50 varieties of crude from across world, including some of the “toughest crudes”. In 2011, Essar acquired the Stanlow Refinery from Shell, which is the second largest refinery in England. The Stanlow Refinery, with a capacity of 296,000 barrels per day, lies near to Liverpool in northwest England, on the south bank of the Manchester ship canal. It supplies approximately 15 per cent of the country's transport fuel requirements. Essar also holds 50 per cent interest in Kenya Petroleum Refinery Ltd, Mombasa, a tolling refinery with a current throughput of 1.6 mmtpa. Retail and Marketing Essar Oil serves retail customers in India through a modern, countrywide network of over 1,400 operational retail outlets and about 200 more under various stages of commissioning. We were the first private Indian company to enter petro-products retailing, looking beyond urban markets and reaching out to consumers in India’s heartland. Tie-ups with other Indian oil marketing companies gives Essar Oil access to the products and the right to use their terminals and facilities for placing and marketing our products. This gives the company panIndia presence with more than 30 supply locations. We offer a wide range of products to bulk customers in the industrial and transport sectors. Essar Oil has product offtake and infrastructure sharing agreements with all the oil PSUs (the state-owned public sector units), namely Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation (IOCL). We have received approvals to supply ATF to the Indian Armed Forces.3 Essar Power Essar Power is one of India's leading private power producers with a 14-year operating track record. The company's power business currently 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 by March 2014. Essar Energy also has access to approximately 500 mmt of coal resources across seven coal blocks in India and overseas.
3
http://www.essar.com/section_level1.aspx?cont_id=fBlwNPJhC0c=
Essar Power — Hazira (515 MW) Commissioned in October 1997, the Essar Power-Hazira power plant is a multi-fuel (naphtha, high-speed diesel, natural gasoline liquid and/or natural gas) combined-cycle power plant located near the Essar Steel facility in Hazira, Gujarat. Essar Steel and GUVNL, the Gujarat State power utility, purchase 215 MW and 300 MW of the power, respectively. They are responsible for providing the fuel required at the power plant to generate the power. Vadinar Power — Jamnagar (120 MW) The Vadinar Power power plant, located at the Vadinar refinery complex, is one of the Vadinar refinery's captive power and steam co-generation plant. The plant is a 120 MW refinery residue-based multi-fuel, captive, co-generation plant, with capacity to generate 77 MW of power and 230 tph of steam. Essar Oil provides the fuel required at the power plant to generate the power and steam for the power plant's operations. Bhander Power — Hazira (500 MW) The Bhander Power-Hazira plant, located in Hazira, Gujarat, is a natural gas-fired combined-cycle captive power plant. The plant was commissioned in 2006 and commenced full commercial operations in October 2008. Essar Steel and other Essar Affiliated Companies are responsible for providing the natural gas required by the Bhander Power-Hazira plant, and in turn take the power generated pursuant to their PPAs with Bhander Power. Algoma Power Plant — Canada (85 MW) Essar Power (Canada) (formerly Algoma Energy LLP) owns and operates the Algoma Power Plant in Ontario, Canada. This 85 MW co-generation plant was commissioned on June 13, 2009. The plant's facilities include two 375,000 pound/hour boilers and a 105 MW turbine. The power plant converts waste gases from Essar Steel, Algoma, into electricity and steam for the steelworks. And 63 MW of the power produced is sold to the Ontario Power Authority pursuant to a 20 year power purchase agreement which expires in 2029. Vadinar P1 — Gujarat (380 MW) The Vadinar P1 power plant, located at the Vadinar refinery complex, is the Vadinar refinery's second captive power plant. This plant is a 380 MW natural gas-fired combined- cycle plant. This plant was the first to be commissioned since the company's IPO in May 2010. Essar Oil provides the fuel required at the power plant to generate the power and steam for the power plant's operations.
Salaya I — Gujarat (1,200 MW) The Salaya I power plant, located near Essar Oil's refinery complex at Vadinar, Jamnagar district, Gujarat, is an imported coal-fueled thermal power plant with two 600-MW generation units. Salaya I Unit 1 (600 MW) started commercial operations from April 2012. Coal for the plant will be extracted from Essar Energy's captive coal mine in Indonesia. Vadinar P2 — Gujarat (510 MW) Vadinar P2 power plant consists of a multi-fuel (coal, naphtha, light cycle oil, clarified slurry oil and furnace oil) co-generation power plant with 325 MW of power capacity and 900 tons per hour (tph) of steam capacity. Steam from the facility will be provided to Essar Oil's Vadinar refinery and power supplied to Essar Oil, Essar Steel and the merchant market. Fuel for Vadinar P2 will be provided by Essar Oil and Essar Steel in line with their purchase requirements. Mahan I — Madhya Pradesh (1,200 MW) The Mahan I power plant is a 1,200 MW (2x600 MW) captive coal-fired pit-head power plant located in Singrauli district, Madhya Pradesh. Mahan I Unit I began commercial operations in December 2012. Coal for the plant will be supplied from the Mahan captive coal block located approximately 5 km from the power plant site.4
http://www.essar.com/section_level1.aspx?cont_id=SD7sjPUVBkw=http://www.essar.com/section_level1.aspx?cont_id=fBlwNPJhC0c=http://www.essar.com/section_level1.aspx?cont_id=kTlcETqPrco=http://www.essar.com/section_level1.aspx?cont_id=VQnaaH3tLmI=
4
http://www.essar.com/section_level1.aspx?cont_id=VQnaaH3tLmI=
doc_930044854.docx