Financial Daily from THE HINDU group of publications
Tuesday, May 03, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 03, 2005 |
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Corporate
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Announcements Essar to go for coal gas tech for Orissa steel unit Pratim Ranjan Bose
Kolkata , May 2 THE Essar group has decided to adopt the newly developed coal gas-based direct reduction iron (DRI) route for its steel venture in Orissa. Lurgi AG will supply the technology for coal gasification using non-coking coal supplies from Talcher. The project, however, has not been finalised, as the Orissa Government is yet to provide the land. Company sources said negotiations had been held with Lurgi for supplying the coal gasification plants in 1.5 million tonne (mt) modules. "The orders will be finalised once the land is available with us." The land, according to sources, has been identified at Paradip but has not yet been handed over. Essar will be the first steel plant in the country to use the coal gasification process on such a large scale. Elaborating on the reasons why this technology (as yet untested in India) has been chosen, sources said that having successfully used the DRI route for producing hot briquetted iron (HBI), Essar group wanted to stick to the same technology. However, as natural gas is not available in Orissa as of now, the only option available was to use the coal gasification route. The project envisages setting up of a 1,000-MW captive power plant close to the Talcher coalmines.
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