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Hot commissioning of TSML to be completed by July
作者：1 发布时间：2010-04-20 文字大小：【大】【中】【小】
By Moonis Ahmed
KARACHI: The first phase of Tuwairqi Steel Mills Limited (TSML) will be completed by July 2010, director projects of the mill, Zaigham Adil Rizvi said Monday.
“The first phase has been completed 80 percent and cold commissioning of its distributed control system (DCS) have also been done last month, while the hot commissioning will be done in July”, he said. He said the first phase of the project was to be completed by March this year, but it was delayed due to financial meltdown and bad law and order situation in the country as foreign investment was also stopped.
“In the first phase of the project 100 percent equity has been put by TSML, however in second phase we need to have foreign investment equal to investment of first phase,” Zaigham said.
Because of financial crunch across the world some of the banks included in (9 banks consortium) backed out from financing and financing remained shot around 40 percent, he said.
He said there was a misconception about the completion of first phase in December 2009, as this was mechanical completion of the project that included physical construction, piping, electrical work and cold commissioning (equipment testing) and this has been achieved.
Regarding the production of Direct Reduced Iron (DRI) worldwide, he said about 62 million tonnes of DRI in the form of pellet, lump and HBI was produced in 2009. The 2009 trends show that DRI usage is gaining popularity despite reduced world steel production and consumption.
He said there was a consistent growth in the production of DRI over the years owing to environment-friendly production process and consistent quality of the product. The plant, currently stand with 80 percent completion, spreads over an area of 220 acres at Bin Qasim Karachi and employs the world’s most advanced D I technology of the MIDREX process owned by Kobe Steel of Japan. The first phase of the DRI project would produce 1.28 million tonnes of high-quality DRI and has been targeted for completion in July 2010. “It is a matter of great pride that Pakistan will be producing one of the most preferred raw materials for quality DRI steel making.”
Sourced from:www.dailytimes.com.pk
KARACHI: The first phase of Tuwairqi Steel Mills Limited (TSML) will be completed by July 2010, director projects of the mill, Zaigham Adil Rizvi said Monday.
“The first phase has been completed 80 percent and cold commissioning of its distributed control system (DCS) have also been done last month, while the hot commissioning will be done in July”, he said. He said the first phase of the project was to be completed by March this year, but it was delayed due to financial meltdown and bad law and order situation in the country as foreign investment was also stopped.
“In the first phase of the project 100 percent equity has been put by TSML, however in second phase we need to have foreign investment equal to investment of first phase,” Zaigham said.
Because of financial crunch across the world some of the banks included in (9 banks consortium) backed out from financing and financing remained shot around 40 percent, he said.
He said there was a misconception about the completion of first phase in December 2009, as this was mechanical completion of the project that included physical construction, piping, electrical work and cold commissioning (equipment testing) and this has been achieved.
Regarding the production of Direct Reduced Iron (DRI) worldwide, he said about 62 million tonnes of DRI in the form of pellet, lump and HBI was produced in 2009. The 2009 trends show that DRI usage is gaining popularity despite reduced world steel production and consumption.
He said there was a consistent growth in the production of DRI over the years owing to environment-friendly production process and consistent quality of the product. The plant, currently stand with 80 percent completion, spreads over an area of 220 acres at Bin Qasim Karachi and employs the world’s most advanced D I technology of the MIDREX process owned by Kobe Steel of Japan. The first phase of the DRI project would produce 1.28 million tonnes of high-quality DRI and has been targeted for completion in July 2010. “It is a matter of great pride that Pakistan will be producing one of the most preferred raw materials for quality DRI steel making.”
Sourced from:www.dailytimes.com.pk
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