CSN defines construction of a new thermal power facility.RIO DE JANEIRO Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , Brazil--(BUSINESS WIRE)--March 14, 1996 --CSN (Companhia Siderurgica Nacional Nacional is the Spanish and Portuguese word for national. It can refer to: Sports
See: Over-the-counter. OTC See over-the-counter market (OTC). : CSNMY/Sao Paulo: CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) 3), Brazil's and Latin America's leading integrated steel producer and non-government owned company, announced today that an international consortium headed by Japan's Marubeni Corporation will be responsible for the construction of CSN's new 230 MW thermal power facility. The new unit is a major item on the Company's investment plan and is the highest individual investment made by a Brazilian non-governmental public company in 1996. Final negotiations were held March 12, 1996, and the formal agreement will be executed by the parties on March 13, at 3:30 p.m., in the Ariesu Room (5th floor) of the New Otany Tokyo Hotel Tower, in Tokyo, Japan. The winning bid was structured as an international off balance lease which will allow CSN a low cost generation of energy at a global cost of approximately US$240 million. Expenses due to lease payments will be easily compensated for by the progressive reduction in the average cost of the energy ordinarily or·di·nar·i·ly adv. 1. As a general rule; usually: ordinarily home by six. 2. In the commonplace or usual manner: ordinarily dressed pedestrians on the street. purchased from the local distributor. The new energy-generating unit will be ready to operate within 28 months, and will meet 50% of CSN's steel works future energy needs. Apart from evident benefits to the Company as a whole (particularly with regard to energy generation grants and thus to equipment safety), the new thermal power facility will positively impact several economic sectors. With less demand, the national electricity generation system will be able to improve the region's current energy distribution. About 500 new jobs are expected to be generated during construction; environmental protection will also be enhanced, since production process effluents such as steelmaking-generated fuel gases, will be more efficiently eliminated from the atmosphere. CONTACT: CSN, Rio de Janeiro Josi Marcos Treiger, 5521-545-1347 or The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Jane Valdez, 212/752-0504 |
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