BRIEF-Essar Energy says significant progress on power projects

LONDON, Nov 12 (Reuters) - Essar Energy PLC: * Significant progress on Phase 2 power projects * 49% increase in current price grm to us$6.75/bbl in September 2010 * Quarter ending September 30, 2010 all plants performed well with total generation of 1,365mwh * Nine month period ending September 30, 2010 the total generation of power was 4,586mwh * End September had gross debt of US$ 4,052 million which is in line with our plans * Sales volumes through the company's retail outlets increased by 58 percent over the June quarter ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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