OREANDA-NEWS. June 03, 2010. JSC Yenakiievo Metallurgical Works (EMZ), part of Metinvest Group, is implementing the project "Application of Capacitor Banks at Ladle Furnace of Converter Shop" within the frames of its development strategy, which will improve energy efficiency of the plant.

Forecasted annual saving from introduction of the capacitor banks will comprise over UAH 36 mln. with ROI of 1.1 years. The project investments will comprise over UAH 40 mln.

Introduction of the automated capacitor bank made by Finnish Nokian Capacitors, will contribute to reduction of melting time at Ladle Furnace by 10.8% and improving of the unit’s productivity by 1% (22 735 tpa of steel) through stabilized consumption of reactive power. In its turn, reduced melting time will reduce natural gas and oxygen consumption by the production process. The capacitors of the system will improve quality of electric power and reduce energy losses.

Application of the capacitor banks will extend service life of the equipment and increase maintenance intervals. The project is planned to complete by the end of 2010. 

"Under the conditions of more and more fierce competition, energy saving is becoming one of the most important factors of profitability and competitive edge of industrial companies, — noted Alexander Podkorytov, General Director of EMZ OJSC. – Therefore implementation of such energy projects as capacitor banks at the ladle furnace will allow really improving energy efficiency performance of the enterprise and reducing costs of production".