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Steel Exchange India Ltd (SEIL) has secured additional gas of 15,000 standard cubic meters per day from ONGC Ltd for its captive power plant at Kothapeta based in Andhra Pradesh.
The gas will be supplied from Kammapalem field located in the Rajahmundry asset on fall-back basis pursuant to the Ministry of Petroleum & Natural Gas guidelines for allocation of gas from small and isolated fields and marginal fields.
With this, SEIL, a private steel manufacturer, will have access to supply of 75,000 SCMD of gas each day.
SEIL has the facility to generate up to 12 MW of power at its Kothapeta plant and is currently supplying unutilised power of up to 9 MW to AP Transco.
B. Satish Kumar, Managing Director, Steel Exchange India Ltd, said, “We are very happy ONGC has approved our bid and allocated the gas. We upgraded our gas engines recently and will be able to achieve full potential for power generation at Kothapeta with this allocation.”
The company is planning to expand its steel-making capacity with a backward integration project by setting up a 0.7 mt pellet plant, utilising the existing infrastructure in the existing premises.
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