Thermax has won a Rs. 5.03bn EPC order from a leading Government of India Enterprise for setting up a captive power plant for its new 3 million ton per annum integrated steel plant in Central India.
Thermax will design, engineer, construct and commission the project on a turnkey basis. The supply of equipment includes three 160 ton per hour capacity(3x160 TPH) boilers that use multiple fuels – blast furnace and coke oven gas from the steel process and light diesel oil – and two 40 MW each steam turbines. Steam from the boilers will be used to blow air into the blast furnace and to generate 80 MW of power. The order also includes water demineraliser plant, cooling water system, air conditioning and ventilation system, compressed air system, fire fighting facilities, emergency DG set, etc. This project is designed as a zero discharge plant and an effluent treatment plant based on reverse osmosis will recycle water.
Says M.S. Unnikrishnan, MD & CEO of Thermax, “Award of this contract is another testimony to Thermax’s ability to configure a complex energy solution at an economical cost. We won it against competition from both domestic and international players.”
Till date, Thermax has contracted over 75 Power projects on turnkey basis based on various fuels including domestic and imported coal, washery rejects, petcoke, waste heat from various processes, renewable energy including biomass and solar, waste gases, naptha and natural gas. Thermax is already executing a gas based combined cycle power project for an oil and gas major.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.