Reuters
Norsk Hydro ties up with Rio Tinto for a new power deal
Edited by : AL CIRCLE
1 min read
A Norwegian CO2 compensation scheme proposed on Tuesday could allow Norsk Hydro and Rio Tinto to negotiate a new long-term power contract for their Soeral aluminium plan in Norway, Hydro said.
The government announce the scheme for the period to end-2020 and said it would apply to aluminium, ferroalloys, chemical products and paper.
Rio Tinto owns 50 percent of the venture with has a 165,000 per year capacity while Hydro holds 49.9 percent.
Soeral's current power contract runs out at the end 2012.
The government announce the scheme for the period to end-2020 and said it would apply to aluminium, ferroalloys, chemical products and paper.
Rio Tinto owns 50 percent of the venture with has a 165,000 per year capacity while Hydro holds 49.9 percent.
Soeral's current power contract runs out at the end 2012.
Previous article
Ansuman Das, NALCO CMD & Director higlights the impact of the global aluminium price decline on NALCO
Next articlePrimary Indian Aluminum Cash Price continues to gain
Grow with
AL Circle
