Hoa Phat's electricity generation output reaches nearly 1 billion kWh 

In the first 6 months of 2023, the total electricity generation output of thermal power plants of Hoa Phat Steel Integrated Complex in Dung Quat and Hai Duong reached nearly 1 billion kWh, making Hoa Phat Group to be self-sufficient about 70 per cent of electricity demand for steel production.

Chart of power generation output of Hoa Phat Dung Quat Iron and Steel Complex until June 30, 2023

According to Mr. Hoang Ngoc Phuong, Director of Thermal Power Plant, Hoa Phat Dung Quat Steel Company, the complex was invested with modern production lines of G7 countries to help optimize production, take advantage of all excess heat and gas sources in the iron and steelmaking process to improve power generation efficiency and save production costs at the complex.

In addition to using residual heat in coke smelting to generate electricity, the plant also makes use of excess coal gas in iron and steel smelting as fuel for boilers to generate electricity. This power generation technology has contributed to environmental protection, reducing CO2 emissions compared to coal-fired power generation with equivalent capacity.

By the end of June 30, 2023, the plant’s power generation output reached 764 million kWh; proactively ensuring 70 per cent of electricity consumed at Hoa Phat Dung Quat Steel Integrated Complex.

Hoa Phat's electricity generation output reaches nearly 1 billion kWh

Applying the same solution, in the first half of this year, self-sufficient electricity generation for Hoa Phat Hai Duong Steel Integrated Complex reached 204 million kWh. If the output is converted at current electricity prices, Hoa Phat's autonomous electricity generation in Hai Duong and Dung Quat is worth over VND1.6 trillion.

In phase 2 of Hoa Phat Dung Quat, the company continues to invest in five residual thermal power generators with a capacity of 60MW each, increasing the total active power generation capacity of the whole Hoa Phat Dung Quat complex to 660MW. The annual electricity output is estimated at more than 5 billion kWh.

The recovery and use of residual heat and excess gas for power generation is an effective energy-saving solution, increasing product price competitiveness, and minimizing environmental pollution. This solution also contributes to reducing the pressure on dispatching the national power grid, especially during the peak heat months.

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