HMCP to commission first phase next year
HMCP was originally scheduled to produce some 0.8 million tonne of blast furnace grade coke.
By TNN |
KOLKATA: Hooghly Met Coke and Power (HMCP), a Rs 1,650-crore joint venture between Tata Steel and West Bengal Industrial Development Corporation to produce 1.6 million tonne of metallurgical coke, is slated to commission first phase of the project by July 2007. The project will meet Tata Steel’s entire requirement of coke as the plant raises its capacity to 9.7 million tonne at Jamshedpur.
HMCP was originally scheduled to produce some 0.8 million tonne of blast furnace grade coke. In step with the hike in coke capacity, the capacity of the power plant has also been doubled from 60MW planned earlier to 120 MW.
B K Singh, managing director Hooghly Met Coke & Power told ET: “The capacity of the project has been doubled in line with Tata Steel’s expansion plans. We have now decided to set up the project in four separate modules of 0.4 million tonne each and commission it in phases between July 2007 and December 2007.”
While the coke unit is likely to require an investment of Rs 1,150 crore, another Rs 450-Rs 500 crore will be spinet on the power plant. Tata Steel will meet the entire requirement of funds for the project through internal accruals.
At present, Tata Steel uses some 2.5 million tonnes of metallurgical coke for its operations in Jamshedpur. Of this, it produces 2.3 million tonne in house, while the remaining 0.2 million tonne is sourced from outside.
Some 1.3 tonne of coal is required to produce every tonne of coke. HMCL will use source some 15-20% of its requirement of coal from Tata Steel’s captive mines. “The remaining amount will be sourced through imports from suppliers in Australia, Canada and Indonesia,” Mr Singh said. HMCP has been allotted 180 acres in Haldia to set up its unit. The land though adequate to house the present unit of 1.6 mt, may not be sufficient to support any expansion in the capacity of the unit. “We have a power purchase agreement with the state electricity board for 60MW. With open access we are now free to trade the remaining amount,” he added.
HMCP was originally scheduled to produce some 0.8 million tonne of blast furnace grade coke. In step with the hike in coke capacity, the capacity of the power plant has also been doubled from 60MW planned earlier to 120 MW.
B K Singh, managing director Hooghly Met Coke & Power told ET: “The capacity of the project has been doubled in line with Tata Steel’s expansion plans. We have now decided to set up the project in four separate modules of 0.4 million tonne each and commission it in phases between July 2007 and December 2007.”
While the coke unit is likely to require an investment of Rs 1,150 crore, another Rs 450-Rs 500 crore will be spinet on the power plant. Tata Steel will meet the entire requirement of funds for the project through internal accruals.
At present, Tata Steel uses some 2.5 million tonnes of metallurgical coke for its operations in Jamshedpur. Of this, it produces 2.3 million tonne in house, while the remaining 0.2 million tonne is sourced from outside.
Some 1.3 tonne of coal is required to produce every tonne of coke. HMCL will use source some 15-20% of its requirement of coal from Tata Steel’s captive mines. “The remaining amount will be sourced through imports from suppliers in Australia, Canada and Indonesia,” Mr Singh said. HMCP has been allotted 180 acres in Haldia to set up its unit. The land though adequate to house the present unit of 1.6 mt, may not be sufficient to support any expansion in the capacity of the unit. “We have a power purchase agreement with the state electricity board for 60MW. With open access we are now free to trade the remaining amount,” he added.
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