FFC on Course to develop 50 MW Wind Power Project & Evaluating Other Diversification Options
The feasibility study to set up steel billets plant of 1.2 million billets per year in progress. The billets are primarily used for production of re-bars and structural steel. In Pakistani market quality steel billets are short and generally available at high premium.
For producing steel billets the Electric Arc Furnace (EAF) route has been selected over the conventional route (blast furnace) considering the economy of scale. The flow diagram illustrates of the EFA process. Pakistan is a country which seriously lacks in steel production compared to other developing countries. This project, facility of our country after Pakistan Steel Mills which was set up 40 years ago.
The decision to invest in this venture will be taken up by the board after the study is completed and financial aspects are factored in.
FFC Wind Power Project development activities continued to progress at full pace. The highlight are in succeeding pares. A new Company “FFC Energy Limited” has been incorporated for the Wind Power Projects.
Brig Tariq Izaz who was initially the Project Coordinator has now been designed as the Project Director (WPP). The Company signed contracts of Engineering, Procurement and Contraction (EPC) and Operations and Maintenance (for a 2+3=5 years period) with Nordex of Germany in February last year. Nordex is one of the leading manufactures of Wind Turbines in the world and has over 4000 Wind Turbines with a total rated output 5720MW already operating in 34 countries of the world.
FFCEL Project Team along with legal & Financial consultant negotiated the Energy Purchase Agreement (IA) with NTDC & AEDB respectively. Upon agreement by Lenders of these contracts, same were finalized and initialed by FFCEL.
FFCEL presented the Grid Studies to the CEO NTDC and NTDC Power Planning Division which have been approved.
FFCEL participated in Grid Code Review Panel meeting arranged by NTDC. The grid Code amendments to address specific requirement of Renewable Energy Power Plants have been approved by NEPRA.