NLMK steel in superpower transformers for Krasnoyarsk HPP
NLMK Group, a global steel company, has delivered premium laser-treated electrical transformer steel to SVEL Group, a leading Russian manufacturer of electrotechnical equipment. NLMK steel was used to make a 630 MVA three-phase potential transformer for the Krasnoyarsk Hydro Power Plant.
Built in 1972, Russia's second-largest hydro power plant, the Krasnoyarsk HPP, is located on the Yenisei River near Divnogorsk. It supplies power to the Krasnoyarsk Aluminium Smelter. Currently, the hydroelectric power plant is undergoing a comprehensive upgrade to install superpower transformers. By 2024, NLMK plans to supply close to 2,000 tonnes of steel to SVEL for the production of six more transformers. NLMK steel properties will enable a reduction in specific magnetic losses in transformers of up to 15% compared to commercial grades.
SVEL Group a leading Russian manufacturer of electric power equipment used throughout the entire energy value chain: from power generation to consumption. SVEL Group companies specialize in the production of various types of transformers, current-limiting reactors, switchgear and control gear. SVEL Group and NLMK have been cooperating for more than 15 years.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
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