whichoreo.blogg.se - Latest tefview update

It is the aim of the parties that the key agreement for this will be completed and signed by October 2016, although key details and timetables will be developed in advance of that deadline, and may be released where that does not breach confidentiality obligations or impinge upon negotiations in progress.ĭiscussions in relation to the split and timing of funding contributions from the parties are in progress with NLC and NMDC targeting completion alongside the key agreement by October 2016. The parties have agreed to move diligently through the next steps, including the drafting, negotiation and execution of the commercial agreements and the detailed supporting contracts required to finalise the funding, project execution and ownership structures. The capital cost for the project is currently estimated as being between Rs.120 - Rs.150 crore. The Tripartite Agreement anticipates the joint funding of the project. The Company will provide a summary public version of the TEF in coming days. Quantum leaps in improvement through technology adoption are really the only way India can achieve a competitive advantage and position their steel industry to support strong economic growth into the future.” Currently India is suffering from the influx of more competitive steel from China, South Korea and Turkey, which is hampering their ability to improve the efficiency of their industry. “Matmor is a genuinely disruptive technology and one that will support India’s improved competitive advantage in the global steel sector.

“Subject to successful demonstration and pilot scale validation, we’re confident the Coldry-Matmor solutions will deliver enhanced economic, energy, resource and environmental security outcomes to our partners.”

Investment grade Internal Rate of Return (IRR) despite cyclically low steel pricing, >17% in the base case, and higher in other scenarios investigatedĮCT Managing Director, Ashley Moore commented “These compelling outcomes from the TEF clearly demonstrate the significant commercial potential and justify the investment at R&D scale.

Superior net cash flows (103% to 159% in the range of scenarios reviewed).

Significant capital savings versus incumbent integrated steel making processes (38-44% savings for Coldry + Matmor + Electric Arc furnace vs.

The key takeaways from the TEF include the following: Those results then underpin the business case to proceed forward with the development the Matmor Pilot/Coldry Demonstration project. This study, led by engineering firm MN Dastur, developed and assessed capital and operating cost estimates for the Coldry-Matmor plant. The key milestone within the Tripartite Agreement is the preparation of the TEF to consider the technical and economic performance of a proposed commercial scale integrated plant with direct comparison to traditional steel production technologies.

The Tripartite Agreement anticipates the development and joint financing of an integrated Coldry demonstration plant and Matmor pilot plant. The Company is pleased to report that the initial feedback from NLC and NMDC is extremely enthusiastic and supports timely progress through the milestones foreshadowed in the Tripartite Agreement announced on 27 January 2016. Nanda, Director (Technical), NMDC Mr P Selvakumar, Director (Planning & Projects), NLC Mr DS Ahluwalia, Director (Finance), NMDC Mr Rajan Kumar, General Manager (Research and Development), NMDC Left to right: Mr Glenn Fozard, Chairman, ECT Mr Ashley Moore, Managing Director, ECT Mr N.