Kavkazcement (part of the Eurocement group holding) has completed a major investment project and launched its own gas piston thermal power plant (GPTES) at the plant site. The project is one of the stages of the implementation of the cooperation agreement between the holding and the Karachay-Cherkess Republic, signed in February 2018 on the sidelines of the Russian Investment Forum in Sochi. The volume of investments in the project amounted to more than RUB1.3 billion.
The opening ceremony of the power plant was attended by the Head of Karachay-Cherkess Republic, Rashid Temrezov.
“Kavkazcement is a reliable partner of the state in the implementation of large infrastructure projects,” said Temrezov. “Using Kavkazcement’s products, many objects and structures are being constructed on the territory of the republic and beyond. The Eurocement Group holding is an example of a socially responsible business, for which I want to express my sincere gratitude to Filaret Ilyich Galchev.”
The holding is carrying out systematic modernisation of the Kavkazcement enterprise. The development goal is to satisfy the growing needs of the North Caucasus and Southern Federal Districts for high quality business materials.
“A number of large projects have been implemented, the total investment in which amounted to RUB2.5 billion,” said Mikhail Skorokhod, President of the Eurocement Group. “A modern automated complex for packing and shipping cement has been created. This increased the quality of service at the factory, and the speed and ease of shipment for consumers. A high-tech grinding department has also been built, and consumers have already appreciated the quality of products with improved quality characteristics.
“The construction of our own power plant is a big and important project for Kavkazcement and for the region as a whole. From today, the work of GPPP will have a comprehensive long-term positive impact on the entire industry, contributing to an increase in energy efficiency and the environmental friendliness of the enterprise, as well as a significant reduction in production costs.”
In addition, investments have been made in the development of enterprise infrastructure, including suction systems, high performance equipment, and communications.
The implementation of these large-scale investment projects has brought Kavkazcement to a new level of development. The plant meets modern standards of production, with quality of products, environmental requirements, and the minimisation of environmental impacts. This allows the workload of the enterprise to be increased and, accordingly, for an increase in its contribution to the economy of Karachay-Cherkessia. The emergence of new brands, high quality, and the demand for calibrated products allows the company to plan a two-fold increase in the production of calibrated cement in 2020.
Read the article online at: https://www.worldcement.com/europe-cis/24102019/kavkazcement-launches-its-own-power-plant/