Essar signs power deal for Minn. project
Jul 28, 2011 | 05:26 PM
| Anne Riley
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Essar Steel Minnesota,
Essar,
pellets,
DRI,
steel,
iron ore,
Anne Riley
NEW YORK — Essar Steel Minnesota LLC has signed a long-term power agreement for its in-development integrated steelmaking complex on Minnesota’s Mesabi Iron Range, moving the project one step closer to operation.
Under the terms of the deal, which runs through at least April 2022, the company will buy power from the city of Nashwauk, Minn., which buys electricity on a wholesale basis from Duluth, Minn.-based utility Minnesota Power.
"Securing this agreement is a critical step in keeping our project on track," Steve Rutherford, project director of Essar Steel Minnesota, said in a statement.....
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