Mainboard-listed Delong Holdings, the manufacturer of hot-rolled steel coils (HRC) in China says it has completed the building of the 15MW co-generation power plant near Xingtai City, in Hebei Province.
The co-generation power plant generates power by utilising waste heat and gas from the group’s blast furnaces and converter furnaces in the production process of its steel products.
This design will help cut the Delong’s total coal usage by about 36,000 tonnes a year, reducing total production costs by about RMB 40 million ($7.9 million) annually. In addition, the plant will also reduce carbon emissions by about 98,000 tonnes a year.
Construction of the co-generation power plant started in August 2010.
The total investment in the plant is about RMB 65 million.
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