08 APRIL 2013Aluminium International Today
Indian smelter plans rest on power rate
Edited by : AL CIRCLE
1 min read
Long-seated plans by India’s Gujarat Mineral Development Corporation to set up both a 1Mt/yr alumina refinery and a 500kt aluminium smelter in Kutch, Gujarat, are still in abeyance.
The company’s partner in the project, Nalco, has said that the development of an aluminium smelter would only be feasible if GMDC managed to secure a power contract at a rate of INR 2.2 per unit. If not, there would be no smelter, according to an anonymous Nalco executive speaking to India’s Business Standard.
Nalco came on board as GMDC’s partner in November 2011 and the project has moved at a snail’s pace ever since.
The company’s partner in the project, Nalco, has said that the development of an aluminium smelter would only be feasible if GMDC managed to secure a power contract at a rate of INR 2.2 per unit. If not, there would be no smelter, according to an anonymous Nalco executive speaking to India’s Business Standard.
Nalco came on board as GMDC’s partner in November 2011 and the project has moved at a snail’s pace ever since.
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