20 MAY 2013Commodityonline.com
Century Aluminum and Big Rivers Electric agree on power supply for smelter
Edited by : AL CIRCLE
1 min read
Century Aluminum and Big Rivers Electric Corp. have reached a tentative agreement on the framework for providing market priced power to the 249Kty Hawesville smelter.
Under the arrangement, the electric cooperatives would purchase power on the open market and pass it through to Century at the marketprice plus additional costs incurred by them.
Meanwhile, Big Rivers Electric and Century Aluminum will also begin negotiations on a separate deal to allow Rio Tinto Alcan's 205Kty Sebree smelter, which Century is acquiring, to access less expensive market-priced power.
Under the arrangement, the electric cooperatives would purchase power on the open market and pass it through to Century at the marketprice plus additional costs incurred by them.
Meanwhile, Big Rivers Electric and Century Aluminum will also begin negotiations on a separate deal to allow Rio Tinto Alcan's 205Kty Sebree smelter, which Century is acquiring, to access less expensive market-priced power.
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