Mexico's largest steel galvanizing plant, owned by POSCO-Mexico, will save $6 million per year in electrical power costs and achieve power independence by using GE's Jenbacher technology. The new nine-megawatt power generation project will use natural gas to produce POSCO-Mexico's onsite power instead of purchasing it from an outside source.
The galvanized steel produced at the plant will be shipped to the automotive industry in North and South America.
"This new plant provides power for POSCO-Mexico's galvanized steel, allowing the company to better serve the needs of the automotive industry in North and South America," said Gwandeung An, project manager, Daewoo Engineering, POSCO-Mexico's partner in the project. "The savings POSCO-Mexico realizes from producing its own power, all day, every day, using GE's proven Jenbacher technology will allow the company to be in a position to explore expansion of its current facilities."