This
10 MW plant is located at Gummidipoondi, about 55 KMs to the north of
Chennai city in Tamil Nadu and is a waste heat recovery plant, using waste
heat from the contiguous sponge iron facility of an associate, Kanishk
Steel. The facility is under the final stages of installation presently and will be commissioned in third quarter 2008. The financing is complete and necessary grid and other approvals already obtained.
The plant uses waste heat and dolochar , a process residue in sponge iron production with residual calorific value, to generate 10 MW of power and will generate additional revenue by trading in carbon credits as a producer of alternative energy .
The plant will supply its entire saleable output to a customer in the neighbourhood.
