CSP thermo plant secures operating license

Monday, October 17, 2016

Brazil's electric power regulator Aneel has granted Companhia Siderúrgica do Pecém's (CSP) thermoelectic plant an operating license.

The license is for two of the power station's turbines, which together have a combined installed capacity of 118MW, according to a notice in the country's official gazette.

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The Ceará state facility – which has a design capacity of 218MW – will supply the CSP steel mill.

The mill, which came online in June, is expecting to ship about 1Mt of steel slabs this year. The plant shipped its first batch of slab (20,000t) on July 27.

CSP is designed to produce 3Mt/y of slabs in its first phase, and output can be increased to 6Mt/y in phase two.

Mining giant Vale holds a 50% stake in CSP, while Korean steelmakers Dongkuk and Posco hold 30% and 20% stakes, respectively.