Essar sets up power plant in Gujarat to reduce its power cost

Essar Steel has commissioned a heat recovery power plant at Hazira in Gujarat of 19 MW which is likely to reduce the power cost of the company.

hidden June 11, 2012 17:46:19 IST
Essar sets up power plant in Gujarat to reduce its power cost

Private sector steel manufacturer, Essar Steel has commissioned a 19 MW heat recovery power plant at its Hazira unit of Gujarat, which is likely to reduce the power cost of the company.

The company in a release said this would also benefit with the availability of carbon credits due to the reduction in emission of green house gases.

Essar sets up power plant in Gujarat to reduce its power cost

Essar Steel produces a 14 million tonne per annum of steel globally. AFP

"Our new plant is helping us to save the cost of generating 19 MW of power - enough power for almost 10,000 homes - which at today's electricity prices provides extensive savings.This allow us to help addressing the national power deficit by not drawing this power from the grid or using scarce natural resources," Managing Director and Chief Executive Officer of Essar Steel India, Dilip Oommen said.

Essar Group has already commissioned a similar facility at its Canadian operations at Essar Steel Algoma Inc. Essar Steel produces a 14 million tonne per annum of steel globally with presence in Canada, USA, India and Indonesia.

Reuters

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