NLMK Group and Lipetsk Region sign memorandum to build new waste energy recovery power plant

Friday, 07 June 2019 12:13:19 (GMT+3)   |   Istanbul
       

Russian steelmaker NLMK has announced that it has signed a memorandum of intent with the Administration of the Lipetsk Region to build a new recovery power plant at NLMK Lipetsk, running on by-product gases from hot-end operations.

The project will enable a reduction in carbon oxide emissions by 3,000 mt per year and a decrease in greenhouse gas emissions by 650,000 mt per year.

The power plant will have a capacity of 300 MW. By-product gases generated during hot metal and steel smelting will be used as fuel for heat and electricity generation. The new power plant will increase NLMK’s self-sufficiency in energy from 60 percent to 95 percent, while reducing its environmental footprint.

NLMK Group’s investment in the project will total RUB 35 billion ($537.8 million), while the Lipetsk Region Administration will provide tax relief for project property.


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