[tex]P = I\cdot V \text{, where P is power in Watts, I is current and V is in Volts.}[/tex], but
[tex]V = R\cdot I \text{, where V is in Volts, R is resistance and I is current.}[/tex]
Doing the math:
[tex]P = I\cdot V[/tex]
[tex]P = I\cdot R\cdot I[/tex]
[tex]P = R\cdot I^2[/tex]
[tex]P = 300^2\cdot 0.3[/tex]
[tex]P = 27000[/tex]