The Hindu Business Line : Tata Power to set up plant in Netherlands

Mumbai, June 25 Tata Power has signed a memorandum of understanding with Tata Steel and Corus Staal BV for building 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 facility will use most of the excess production gases from the steel mills and convert them same into steam and power.

The plant will be ready in 2013 and partly replace the existing power supply arrangement with another utility. It will also enable Corus’ IJmuiden works to secure its own long-term steam and power supplies to ensure efficient operations of its facility.

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More Stories on : Overseas Investments | Power | Tata Power Co. Ltd | Tata Steel Ltd

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