The world’s largest steel company, ArcelorMittal, invests in clean energy production in Bosnia–Herzegovina.
– KPA Unicon, ArcelorMittal, Finnfund and City of Zenica jointly establish a power plant company
KPA Unicon designs and delivers a power plant to ArcelorMittal’s steelworks in the city of Zenica in Bosnia Herzegovina. The plant’s steam production capacity will be 150 t/h (37 bar, 420°C). KPA Unicon will also supply a redundant Plantsys remote operating system as a part of the power plant entity, as well as operations and maintenance services to ensure high availability and usability of energy production. The concept of the plant is designed in co-operation with the Croatian company Eco Consult d.o.o.
“This is a great achievement for us and a step in the direction of making initiatives that will bring value to our partners. In Zenica, through this joint venture, we will create and implement a clean energy solution together with our customer and partners. We will renew ArcelorMittal’s existing energy production systems with cleaner technology utilizing the coke and blast furnace gases from the steelworks as fuel, which will significantly reduce emissions and guarantee continuous heat production”, says Jukka-Pekka Kovanen, Deputy Chairman of KPA Unicon Group’s Board of Directors.
“Introduction of the new plant will significantly improve people’s living conditions through emission reductions. Our customer can replace the old plant by the new power plant which is one of the largest coal-fired power plants in Bosnia. It is very fascinating and meaningful to be a part of building a cleaner environment in Zenica”, Jukka-Pekka Kovanen continues.
The new plant in Zenica will comply with the best EU practices and environmental norms in many regards. The current boilers use coal as fuel, which is the main source of sulphur emissions from the plant. The new plant will result in significant cut in the emissions. Once it is commissioned in 2020, the plant will produce all district heat for the city of Zenica as well as most of the energy needed in ArcelorMittal’s steelwork.
“As a development financier, our mission is to foster clean energy production and the circular economy. With KPA Unicon, City of Zenica and ArcelorMittal, we have created a model which aims to enhance the state of environment and the living environment of the people of Zenica as well as ensure energy production for the region’s needs”, emphasizes Tuomas Suurpää, Senior Investment Manager of Finnfund.
“Living the philosophy is our main driver. In every project we develop, we keep in mind that we need to provide socially responsible, sustainable, environmentally friendly and energy efficient projects. Our first project in ArcelorMittal Zenica increased energy efficiency by utilizing waste steam. Now we are proud that we have been able to continue with our contribution to develop this highly responsible and clean project for ArcelorMittal and the people of Zenica and Bosnia Herzegovina”, says Goran Pavlovic, founder of Eco Consult.
ArcelorMittal is the world’s leading steel and mining company. Guided by a philosophy to produce safe, sustainable steel, ArcelorMittal is the leading supplier of quality steel products in all major markets, including automotive, construction, household appliances and packaging. ArcelorMittal is present in 60 countries and has industrial facilities in 18 countries. https://corporate.arcelormittal.com/
Finnfund is a Finnish development financier and professional impact investor. We build a sustainable world by investing in responsible and profitable businesses in the developing countries. Each year, we invest EUR 150–200 million in 20-30 projects, emphasising renewable energy, sustainable forestry, sustainable agriculture and financial institutions. Today Finnfund’s investments and commitments total about EUR 700 million, half of them in Africa. The company has 80 employees. For more information, please visit www.finnfund.fi
We are a Finnish family company and, since 1990, have been an advocate and key facilitator of the world’s transition to clean, renewable energy. We create and implement clean-energy solutions. We renew existing energy production systems with cleaner technologies. We interact by empowering energy producers with innovative digital tools. We lead the way with advocacy and initiatives that create better value for our partners.
The company’s headquarters is located in Pieksämäki, Finland and we employ around 250 energy industry professionals. https://www.kpaunicon.com/en/home
Eco Consult is a fast-growing Croatian-based engineering and consulting company with a goal of designing, implementing and operating sustainable, energy efficient solutions in the international market.
Mikko Marttala, CFO, KPA Unicon, tel. +358 50 365 9677, firstname.lastname@example.org
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