Commencement of construction of an export-significant investment unit in Russia

ZDAS received an advance for the implementation of a project to build a 100MW energy source for the Magnitogorsk Iron and Steel Works (MMK) in the total amount of EUR 172 million. This project was developed by the Energy Projects Division under the leadership of director Lukas Chmel. The project is one of the most important contracts with its value in the modern history of the company and at the same time one of the largest export projects from the Czech Republic to the Russian Federation in the last fifteen years.

ZDAS it will thus become the general supplier of energy sources based on steam turbines with the subsequent production of compressed air. The own source will process blast furnace gases from a newly built blast furnace on three steam boilers, each with an output of 220 t/h. The steam produced will be used to generate electricity on two 50MW steam turbines from Siemens and to produce compressed air on three turbochargers with instruction turbines, also from Siemens.

The contract was signed in March 2020, but the coronavirus pandemic caused its annual shift. The project will be implemented by the end of 2024 and represents a significant shift in the development of energy projects for ZDAS.

A key point in the implementation of the project after the signing of the contract was the issuance of a bank guarantee for the advance prepared and issued for this project by the International Investment Bank (IIB).