Stakhanov Ferroalloy (SFER) To Build Thermal Power Plant By 2007

According to the company, construction of its own TPP will cost about USD 35 mn. This will allow the company to provide its own electricity, which is now purchased from the wholesale market and regional distributor. Concorde Capital: The Stakhanov Ferroalloy is located in the Luhask region, close to the thermal plants of Donbasenergo, Vostokenergo and Uglegorsk TPP of Centrenergo. The company possesses a license to supply electricity. Therefore, commissioning the TPP, which will have a capacity of 1 TWh of electricity, will increase competitive pressure the TPPs in the Donetsk and Luhansk regions. SFER plans to invest USD 16 mn in modernization and boost output 88.7% to USD 141.2 mn in 2005. The plant launched production of silicomanganese in 2004 after retooling two of its eight furnaces. Pryvatbank group controls the plant.