Essar Power, which had recently bid for setting up a coal-fired power plant in Indonesia, said on Tuesday it is eyeing more coal and gas-based plants in the south east Asian country.
"We are looking at more coal and gas-based power plants in Indonesia," Essar Power Managing Director A K Shrivastava said at a conference in New Delhi.
The company plans to bid for three projects in that country. While two projects are coal-based with a capacity of
1,000 MW each, the third one is a gas-fired station with a capacity of 500 MW.
Earlier this month, the Ruias-controlled company had emerged as among the two shortlisted firms for a 600 MW power
plant in Java, Indonesia. Besides Essar, an international consortium led by Japan's Marubeni is also in the fray.
The tariff-based bids were invited by Indonesian state-owned electricity firm PT Perusahaan Listrik Negara
early this year.
Industry sources said Essar is unlikely to get the project as its bid has been slightly higher than that of Marubeni. However, the Indonesian firm has not announced of any decision on the project so far.
Essar Power runs a 515 MW plant at Hazira in Gujarat. The company is in the process of expanding this plant to 1,500 MW over the next three years.
The company aims at becoming an integrated power utility in the country with interests in generation, transmission as well as power trading.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
© 2025 Rediff.com -