Month: January 2012

EGE Haina and Cobra Energy Sign Agreement for Expansion of Los Cocos Wind Park

EGE Haina and Cobra Energy Sign Agreement for Expansion of Los Cocos Wind ParkEGE HAINA and the Spanish company Cobra Energy underwrote an agreement for the construction of phase 2 of the Los Cocos Wind Park, located in Enriquillo, Barahona.

The signing of the agreement was headed by Tito Sanjurjo, EGEHAINA GM, and Antonio Gómez Zamora, managing director for Cobra Energy, company specialized in wind and thermo solar energy, which was responsible for developing the first stage of the park.

The Los Cocos Wind Park, inaugurated in October 2011, currently features 14 aerial generators and a totally set up capacity of 25MW. For this second phase, its capacity will be tripled, featuring the installation of 26 additional turbo jets of the Gamesa brand, which will generate an additional 52MW.

With this expansion, estimated for completion by December 2012, Los Cocos will feature a total of 40 aerial generators, which will produce 77MW of clean energy, capable of lighting some 150,000 homes.

Once the construction of this second phase finalizes, Los Cocos will save the nation importing costs equal to 500,000 barrels of crude oil per year, and will avoid CO2 emissions equal to 200,000 tons.

The Los Cocos Wind Park is located in Juancho, Pedernales. With its expansion, it will extend to Enriquillo, Barahona.

The expansion of Los Cocos, once again reaffirms the commitment on behalf of our investors and of the Dominican authorities to continue advancing in generating clean energies inland. We are highly pleased that this expansion will take place during 2012, which has been declared by the UN as “International Year of Sustainable Energy for All”, said Tito Sanjurjo.

Together with the Quilvio Cabrera Wind Park, located in Juancho, Pedernales, Los Cocos is the first wind energy park of the Dominican Republic.

At the signing act, were present also Mr. Edgar Pichardo, CEO of EGEHAINA; Alfonso Rodríguez, Director for Project Development of Cobra Energy for the D.R; José Rodríguez, Director of Development for EGEHAINA, and César Santos, Business Development manager for EGEHAINA.

About EGE Haina:

EGE Haina is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Hoy

 

Metaldom Will Go To Trinidad & Tobago

Metaldom Will Go To Trinidad & TobagoThe Complejo Metalúrgico Dominicano (METALDOM) (*Dominican Metallurgy Compound), seeks to expand its operations in the Caribbean, after signing an accord with the multinational Severstal North America, the fourth (4th) largest steel company in the United States, with views to develop a feasibility study for the establishment of a steel compound in the zone known as La Brea, in Trinidad & Tobago.

The project has been estimated cost-wise at USD$600M.

The agreement was signed together with the National Gas Company of Trinidad & Tobago (CNG) of the local conglomerate Neal & Massy Exploitations, and the National Energy Corporation (CNE), which were disclosed via a press release, which echoed on all press agencies, such as Reuters and Digital Journal, Sys-con.com and Trinidadexpress.com

The compound will suppose the construction of direct reduction iron, and /or briquettes reduced in heat. The plant will have a nominal capacity of 1.5 million tonnes per year, and the integration of a steel factory with a production capacity of up to 300,000 metric tonnes per year of steel billets.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Hoy

Metaldom Opens Doors for Trinidad & Tobago

Metaldom Opens Doors for Trinidad & Tobago

Changes. Metaldom has made significant investments, as was the conversion to natural gas made in its plant.

Santo Domingo. The Complejo Metalúrgico Dominicano (METALDOM) and the multinational, Severstal North America, the 4th largest steel company in the USA, have joined forces to sign an MOU, with views to explore a feasibility study for the establishment of a steel compound in the zone known as La Brea, in Trinidad & Tobago.

The agreement was signed by the National Gas Company of Trinidad & Tobago (CNG), member of the local conglomerate Neal & Massy Exploitations, and the National Energy Corporation (CNE), which disclosed information via a communiqué which was issued and echoed in all press agencies at the level of Reuters, and Digital Journal, Sys-con.com, and TrinidadExpress.com. La Brea is one of the zones with most potential island-wide.

The compound will suppose the construction of iron and direct reduction and /or briquettes or reduced pieces in heat. The plant will have a nominal capacity of 1.5 million tons per year, and the integration of a steel factory with a production capacity maximum of 300,000 metric tons per annum of steel billets. The project has an estimated cost of over USD$600M.

The integrated installation, to be destined for location of the La Unión Industrial Polygon, La Brea, will generate 3,500 indirect jobs amid construction and 400 permanent jobs.

Arthur Lok Jack, President of Neal & Massy, said he is very satisfied with the facilitator role performed by the National Gas Company and the National Energy Corporation, to carry out in good terms the MOU, and said this to be a very good sign for investors.

For Larry Howai of NGC, though this project is still amid preliminary phases, the participation of these new international investors was, sans doubt a backup of the solidity and reputation of the Neal & Massy Group.

A BIT ABOUT METALDOM- STATISTICS

Metaldom was conceived for the initial production of steel and laminated products of 10,000 metric tons per year, increasing later to 18,000 tons and is now at a capacity of 350,000 metric tons of steel.

It features a product catalogue that sums up to steel bars –corrugated and flat- mesh in sheets and electro welded roles, pipes and profiles, structures and metallic carpentry, among other. Their capacity covers 100% of the national demand.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The VICINI family has invested in different economic sectors in the Dominican Republic for over 140 years. VICINI is one of the companies that has contributed significantly to the development and industrialization of the country.

SOURCE: Listin Diario

Metaldom Signs Memorandum of Understanding Regarding the Establishment of a Vertically-Integrated Iron and Steel Complex in Trinidad and Tobago

Metaldom Signs Memorandum of UnderstandingThe National Gas Company of Trinidad and Tobago Limited (NGC), National Energy Corporation of Trinidad and Tobago Limited (NEC), Severstal North America, Complejo Matalurgico Dominicano S.A. (Metaldom) and Neal & Massy Holdings Limited (N&M) have signed a Memorandum of Understanding (MOU) to undertake a feasibility study for the establishment of a vertically-integrated Iron and Steel Complex.

The complex will involve the construction of a Direct Reduced Iron (DRI) / Hot Briquetted Iron (HBI) plant that will have a nominal capacity of 1.5 million tons per year and the integration of a steel mill with a nominal production capacity of up to 300,000 metric tons per year of steel billets. The entire project is estimated to cost in excess of $600 million.

The integrated facility which is earmarked for location at the Union Industrial Estate, La Brea will generate 3,500 indirect jobs during construction and 400 permanent jobs. Additionally, it will contribute to the diversification of the economy, while providing opportunities for the development of downstream industries.

Severstal North America is a U.S. based wholly-owned subsidiary of Russia based OAO Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, with assets in Russia, USA, Ukraine, Latvia, Poland, Italy, Liberia and Brazil.

Metaldom, a Dominican Republic-based company, is one of the largest steel makers in the region. It is a company managed by VICINI, a private asset management company with assets under management in diverse industries including food and beverage, manufacturing, agriculture and energy, banking and financial services, media, tourism and real estate development in the Dominican Republic and the Caribbean.

About Metaldom:

Metaldom is a company in the Energy and Industry portfolio of assets administered by VICINI.

The Vicini family has invested in different economic sectors in the Dominican Republic for over 140 years. Vicini Group is one of the companies that has contributed significantly to the development and industrialization of the country.

ARTICLE: PR Newswire