As Deacero focuses on developing energy projects due to the company’s high consumption of electricity, Director Raúl Gutiérrez announced this week that the Company plans to install two plants capable of generating up to 400 megawatts (MW) through 2016, cutting electricity costs in half.
The current consumption of the company exceeds 700 megawatt, which costs over US$250 million a year, Gutiérrez said.
"The first stage will start in June or July, we will start with 92 megawatts, the same plant that will convert to 170 megawatts by 2015, and by 2016 we expect to open another 200 megawatts in Celaya, in the center of the Republic,” he added.
Additonally, he said the investment is about US$1 million per megawatt, so the first step would be about US$92 million and the total investment would be around US$400 million.
Gutiérrez, who is also President of the Institute for Industrial Development and Economic Growth (IDIC) noted that the true energy reform will come when secondary legislation is enacted.
The reform will boost steel consumption, as pipe and ducts will increase demand for several steel products, including those related to electrical towers and road infrastructure.