Wednesday, December 17, 2014

Ilva to stop blast furnace: 29 Eni prevent boiler for missed … – Il Sole 24 Ore

Ilva to stop blast furnace: 29 Eni prevent boiler for missed … – Il Sole 24 Ore

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This article was published on December 17, 2014 at 10:45 am.
The last change is the December 17, 2014 at 13:51.

There is a deadline that now looms sull’Ilva while the Government is looking a solution for the steel company through a new decree. The date is December 29. For that day, starting at 9.30, Eni, with a letter sent to Ilva in recent weeks, he feared the cut of gas supply to the plant that is in Taranto Energia, the company that manages the power plant Ilva . Reason: missed payments.

From union sources, however, we learn that the litigation is not on the past but on the future supply. Ilva, although late, would settle the Eni for 2014, but for 2015 the agency would have asked for an increase of 30% and a surety of 250 million euro. Commitments that Ilva can not cope in the financial conditions in which it is located. Although Ilva produces gas with blast furnaces, which is then sent to the power plant and converted into energy to power the cold area of ​​the plant, the gas that comes from the outside still need to plant the production cycle.

Now, with a plan prefermata blast furnace, Ilva is preparing for the possibility that Eni suspends really supply. The blast furnaces, because of their technical complexity, have in fact need a preliminary time of preparation be fore being stopped and in this sense the maneuvers began. There is a schedule for action already started December 15 with prefermata 24 hours of the blast furnace 2. Today it’s up to the blast furnace 5 which will be subject to a prefermata 16 hours. December 18 will be taken out of service the blast furnace 2 while the next day there will be a prefermata 24 hours of the blast furnace 4. Continue on 21 with a second prefermata 16 hours of the blast furnace 5, then two more stops in sequence: December 23 of the blast furnace 4, and then December 27 of the blast furnace 5. This is to prepare for the final date of 29.

Since the arrival of the letter today, the debt was not faced, because the second and final installment of the bridge loan banks – 125 million – is served Ilva to pay salaries above, and thirteenth installment of the performance bonus to its 16 thousand employees, of which 11 thousand in Taranto, and weld the credit advanced from the induced-contract for work performed (10 million companies to Taranto after 34 paid between September and October with the first 125 million of the loan). Eni, therefore, remains one of the major suppliers waiting to be paid. The latest estimates quantify 350 million in total exposure of the company on this side. Probably do not actually arrive at the gas valve – as Eni is an important supplier and why the government is monitoring the situation – but the start of prefermata tenses the plant, besides confirming the enormous financial difficulties of the company and therefore the urgency of putting it to safety.

The decree to which the Government is working seems to favor a solution Public temporary right to address the most urgent problems to Ilva from environmental remediation. Ilva would be allowed, as is looming for some weeks now, the Marzano law would be amended on the extraordinary but also to safeguard the claims of contractors and suppliers whose activities would be considered strictly functional to those of the steel group. This afternoon, finally, the Commissioner of Ilva, Piero Gnudi, will take stock of the situation to commissions Environment and Production Activities of the Chamber. It could be his last hearing as Commissioner because Gnudi has indicated its intention to leave the task entrusted to him six months ago by the government deeming completed its task. Who was to lead the company into a less uncertain the definition of which is now in the hands of the government.



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