Tata Power today signed a Memorandum of Understanding (MoU) with Tata Steel Limited and Corus Steel B.V. for the construction of a 525 MW combined heat and power plant at Corus’ IJmuiden works in the Netherlands.
Under this MoU, Tata Power and Tata Steel will set up a Joint Venture Company to build, own and operate the power plant. This power plant will use most of the excess production gases of the steel plant and will convert the same into steam and power for the use of the steel plant.
This power plant will enable Corus’ IJmuiden works to secure its own long-term steam and power needs. The Corus’ IJmuiden plant is also a green power project and adds to the growing sustainable energy portfolio for Tata Steel and Tata Power in reducing its carbon footprint significantly. As the power plant will be based on production gases, it will be a low carbon emitting plant. The new power plant will be ready in 2013 and will partly replace the existing power supply arrangement with another utility.
Speaking on the occasion, Mr Prasad R Menon, Managing Director of Tata Power said that “We are happy to make another international foray in generation with a green power project which will add to the growing sustainable energy portfolio of Tata Power.”
The other green power generation investments that Tata Power has internationally are the Dagachhu Hydro Power Project in Bhutan; the geothermal project, Geodynamics in Australia and EXERGEN in Australia to critically evaluate Clean Coal Technologies for commercial applications. Further our renewable portfolio in India includes installed generation capacity of 155.5 MW of wind farms, 120 MW Power House 6 and 90 MW Haldia power project.
About Tata Power:
Tata Power is India's largest private sector power utility with an installed generation capacity of over 2300 MW and a presence in all the segments of the power sector viz Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. The Company has successful public-private partnerships in Generation, Transmission and Distribution - "North Delhi Power Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. It has acquired 30% stake in Coal Companies at Indonesia and is developing the first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. With its track record of technology leadership, customer care and redefining contours of the Indian power sector, Tata Power is poised for a five-fold growth and committed to 'lighting up lives' for generations to come.
About Corus and Tata Steel:
Corus is Europe's second largest steel producer with annual revenues of more than £12 billion and crude steel production of about 20 million tonnes. With main steelmaking operations primarily in the UK and the Netherlands, Corus supplies steel and related services to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus is a subsidiary of Tata Steel, one of the world’s top ten steel producers. Following the acquisition of Corus in 2007, the combined enterprise has an aggregate crude steel capacity of more than 28 million tonnes and approximately 82,700 employees across four continents.
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