NLMK receives award from European Bank for Reconstruction and Development
This decision recognizes NLMK’s strong commitment to and success in developing a comprehensive energy efficient strategy, setting an excellent example of management, and promoting the development of new skills associated with modern environmental technologies and energy management practices.
NLMK will receive the prize at the Annual Meeting of the European Bank for Reconstruction & Development in Astana (Kazakhstan) in May.
The European Bank for Reconstruction & Development is an international financial organization that finances projects in 29 countries, from Central Europe to Central Asia.
The EBRD awards a prize to two of its projects across all of the countries in which it operates for their achievements in the area of environment and social improvement. In 2010 NLMK signed a loan agreement with the EBRD worth EUR125 mln to finance its Energy Efficiency Program. The EBRD funding was earmarked mainly for the construction of a 150 megawatt combined heat and power plant fired by waste gases from the steel plant’s blast furnaces at its Novolipetsk works, as well as for financing NLMK’s plans to integrate Pulverized Coal Injection (PCI) technology into its blast furnace operations.