POSCO E&C Holds Ceremony for Completing the Boiler Drum of Poland's First Incineration Plant

- POSCO E&C's first project in Eastern Europe and Poland's first incineration plant.

- The company put up a boiler drum marked with "KRAKOWIAK" and the name of its CEO.

SEOUL, South Korea, Aug. 5, 2014 /PRNewswire/ -- POSCO E&C (CEO: Tae-Hyun Hwang) announced on the July 31st that it held a ceremony to mark the completion of a boiler drum at the incineration plant project site in Krakow, Poland.

Photo - http://photos.prnasia.com/prnh/20140805/8521404418

Over 30 dignitaries attended the event, including Malgorzata Marcinska, Polish Undersecretary of State for the Ministry of Labor and Social Policy, Tadeusz Trzmiel, Vice Mayor of Krakow, and Ryszard Langer, president of Krakowski Holding Komunalny S.A., Ky Yun Jung, senior vice president of POSCO E&C, and Bok Seok Jung, the construction manager.

The ceremony was held to celebrate the installation of the boiler drum, one of the core facilities of the power plant, and reaffirm commitment to achieving successful project completion. To capture the goodwill of those present, the surface of the Boiler Drum Unit 1 was marked with "KRAKOWIAK", which means the citizens of Krakow, and "Tae-Hyun Hwang", the name of the company's CEO.

This project is POSCO E&C's first project in Eastern Europe and Poland's first incineration plant project. The environmentally friendly power maximizes energy utilization and reduces the emission of greenhouse gases by converting energy from waste incineration to renewable energy.

POSCO E&C is currently building two process lines and combined heat & power facilities at waste thermal treatment plant, and as of the end of July, progress on the project is at the 60% mark. The company plans to complete construction by December 2015.

These facilities will be capable of incinerating waste of approximately 680 tons a day (14.1 tons/hour x 2 units) and waste of approximately 220,000 tons a year, giving it a power production capacity of approximately 10.74MWh by using the heat from incineration.

"We are very much impressed by the construction site. The plant will be the Krakow's pride," said Tadeusz Trzmiel, Vice Mayor of Krakow. "We wouldn't have experienced the ceremony and the view of the plant under construction without POSCO's efficient cooperation. The culture and technology are impressive and we may learn it from POSCO."

For more information, please visit the website (http://www.poscoenc.com/english/).