September 10, 2011
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August 21, 2010
Tuwairqi to provide 14MW of electricity to KESC
Time to change mindset: M. Tariq Barlas, Vice Chairman & CEO, ATH
In the 1st phase, a DRI plant of 1.28 MTPY capacity, is targeted for completion in the 3rd quarter of 2010. Phase-II of the project, which consists of an Electric Arc Furnace and Continuous Caster is targeted for completion in 2011. A Pelletization Plant of 2.4 million tons capacity has also been envisaged in the 3rd phase of the project.
The Government of Pakistan has granted the status of Export Processing Zone (EPZ) to the project, along with the option to export 100 percent of its production to Pakistan, which ensures a readily available market for TSML products, apart from ATH plants and neighboring Gulf countries.
Al Tuwairqi is equally focused on backward integration to the extent of mining and exploring all possible avenues to get iron ore locally from Pakistan. The target ultimately is that steel of international quality and standard be produced in Pakistan with a total reliance on local raw material.