Essar Energy performance “solid”

India-focused energy company Essar Energy yesterday reported a “solid” operating performance in the three months to 30 September, with energy generated rising four per cent compared to the same period a year ago. Export values also rose, climbing to 42 per cent of the otal against 31 per cent a year ago. "While higher gas prices, resulting in a higher generation cost, have impacted demand at our gas based plants in recent months, the quarter saw higher plant load factors at Hazira (up 24 per cent) due to increased demand from the Gujarat State utility," the firm said.