Elga Coal Complex Linked to Russia’s United Energy Grid
17 9월 2019 - 6:00PM
Mechel PAO (NYSE: MTL, MOEX: MTLR), one of the leading
Russian mining and metals companies, reports the launch of the
Federal Grid Company of Unified Energy System (FGC UES)’s 220-kW
Elgaugol electrical substation and 220-kW Prizeiskaya-Elgaugol
electric power line. Federal Grid Company supplies the line with
electricity from Russia’s united energy system. The transfer to
centralized electricity supply will enable Elgaugol OOO to
dramatically slash energy costs and use more efficient
equipment.
Construction of the electric grid objects for
Elga Coal Complex’s off-site power supply has thus completed its
first stage. FGC UES constructed the 220-kW Elgaugol Substation and
1,080 supports, expanded its 220-kW substation Prizeiskaya. The
power line originates at Prizeiskaya Substation located in Amur
Region’s Verkhnezeisk village, and stretches over 270 kilometers to
reach Elgaugol Substation.
In the future, FGC UES will construct the 220-kW
Prizeiskaya-Elgaugol second power line and expand Elgaugol
Substation’s capacity. FGC UES’s investment will total 17.5 billion
rubles.
As part of the project’s first stage, Mechel in
its turn provided the energy infrastructure at Elga Coal Complex’s
site, including 35-kW Alpha and Beta Substations, 159 supports and
26 kilometers of distribution circuits. Mechel Group’s investment
totaled 470 million rubles.
The project was launched in 2010, with the
second stage due to be completed in 2023.
The power line’s launch will ensure reliable
electricity supply to Elga’s production and amenity facilities and
enable the complex to stop using diesel generators.
“Setting up an energy supply grid for Elga Coal
Complex is part of the complex plan for modernization and expansion
of energy infrastructure, developed by the Russian government for
implementing the President’s so-called May decree. This is one of
Federal Grid Company’s largest projects in the Far East, and the
region as a whole will be our investment priority in the next five
years,” FGC UES’s Chairman of the Board Andrey Murov said.
“The launch of electrical supply to Elga Coal
Complex is by all means a historical moment that Mechel’s team has
long striven for. The power line will take us to a new production
level, increased output and higher quality of life for our
personnel living at Elga’s rotation village,” Mechel Mining
Management OOO’s Chief Executive Officer Igor Khafizov noted.
“Completion of this construction and linking
Elga Coal Complex to a power line opens vast horizons for the
deposit’s further development. We have already begun acquiring more
efficient mining equipment and will transfer our washing plant to
electricity. As a result, the entire project will benefit
economically, as transfer to an electrical supply means reducing
our energy costs more than five times. This completes yet another
stage of our strategy of creating a competitive, world-class
production complex,” Mechel PAO’s Chief Executive Officer Oleg
Korzhov commented.
The Elga deposit of high-quality coking coal is
Russia’s largest and is located in Southern Yakutia, in a remote
area 415 kilometers away from Neryungri. The facility’s staff
totals over 1,600 people. In 2018, Elgaugol produced 4.9 million
tonnes of coal.
Mechel PAOEkaterina VidemanTel: + 7 495 221 88
88ekaterina.videman@mechel.com
Mechel is an international mining and steel
company. Its products are marketed in Europe, Asia, North and South
America, Africa. Mechel unites producers of coal, iron ore
concentrate, steel, rolled products, ferroalloys, heat and electric
power. All of its enterprises work in a single production chain,
from raw materials to high value-added products.
Elgaugol is developing one of the world’s
largest deposits of high-quality coking coal, with reserves
estimated at 2.2 billion tonnes according to JORC. The deposit is
located in South-East Yakutia. Mining at the deposit began in 2011.
Traffic on Mechel-built 321-kilometer railroad linking the deposit
with Baikal-Amur Mainline was launched in the same year.
Federal Grid Company of Unified Energy System
(FGC UES) is one of the largest global electricity transmission
companies based on the length of transmission lines. Those include
some 145,900 kilometers of high-voltage power lines and 958
substations with the total power capacity of over 351,900 MVA. The
company provides reliable electricity supply to customers in 79
Russian regions, servicing an area of some 15.1 million kilometers.
It is part of Rosseti PSJC, Russia’s largest energy holding which
owns 80.13% of FGC’s shares.
Some of the information in this press release
may contain projections or other forward-looking statements
regarding future events or the future financial performance of
Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to
caution you that these statements are only predictions and that
actual events or results may differ materially. We do not intend to
update these statements. We refer you to the documents Mechel files
from time to time with the U.S. Securities and Exchange Commission,
including our Form 20-F. These documents contain and identify
important factors, including those contained in the section
captioned “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in our Form 20-F, that could cause the
actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the achievement of anticipated levels of profitability, growth,
cost and synergy of our recent acquisitions, the impact of
competitive pricing, the ability to obtain necessary regulatory
approvals and licenses, the impact of developments in the Russian
economic, political and legal environment, volatility in stock
markets or in the price of our shares or ADRs, financial risk
management and the impact of general business and global economic
conditions.
Mechel PAO (NYSE:MTL)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Mechel PAO (NYSE:MTL)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024