Arcelormit­tal’s power plan

Weekend Argus (Saturday Edition) - - BUSINESS -

ARCELORMIT­TAL plans to re­duce its elec­tric­ity bill by build­ing an 800 megawatt (MW) com­pressed nat­u­ral gas plant at a steel-mak­ing fa­cil­ity in the Western Cape, a re­port said.

Elec­tric­ity makes up 44 per­cent of ArcelorMit­tal’s Sal­danha plant costs. The fa­cil­ity uses 160MW of elec­tric­ity at a cost of R750 mil­lion each year.

If the project re­ceives all nec­es­sary ap­provals, ArcelorMit­tal will im­port gas from coun­tries such as An­gola.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.