Novolipetsk Metallurgical Plant (NLMK), the flagship company of NLMK Group, has begun developing design documentation and preparing a site for the construction of a new power plant fueled by associated gases of metallurgical production.
The power plant will have a capacity of 300 MW. The planned investment of NLMK Group in the project is 35 billion rubles.
The project will reduce greenhouse gas (CO2) emissions by 650 thousand tons annually. The construction of a power plant using secondary metallurgical gases complies with the best available technologies of ferrous metallurgy and contributes to the achievement of the goals of the Clean Air project of the national project “Ecology” in Russia.
Information on electricity generation from secondary energy resources
About 50% of all NLMK's electricity consumption is produced using secondary resources. Blast furnace gas and coke oven gas are used as fuel - by-products of blast furnaces and coke oven batteries.
In 2019, the plant's self-sufficiency in electricity will amount to about 64%, the commissioning of a new utilization power plant will increase this figure to 95% .
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient steel producers.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2018 was $ 12 billion, EBITDA was $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have a free-float of 19%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker "NLMK: LI"). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.
For more information on NLMK's share capital, please follow the link.
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