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Rusal ready to buy Bogoslovsk CHPP from IES at price no higher than actual cost
Edited by : AL CIRCLE
1 min read
Russian aluminum company UC Rusal is prepared to buy the Bogoslovsk Combined Heat and Power Plant (CHPP), but only if IES (the plant's beneficiary) does not insist on a price higher than a level that covers costs.
"If somebody decides that this is a good opportunity to sell it to us and get a profit out of it, then I would like to stress that this is not what we agreed upon with the prime minister," Rusal's First Deputy General Director Vladislav Solovyev said in an interview with Interfax.
The agreement lies in "selling the plant at a fair price that covers costs, so that we can supply the plant with electricity and heat ourselves at cost," he said.
Solovyev said that "purchasing the CHPP is not an end in itself." Rather, "it is the only way to save aluminum production at the Bogoslovsk aluminum smelter. This is why no one should be profiting from this plant," he said. Otherwise, Rusal "will not enter into such a purchase."
Ernst & Young is currently appraising the plant, Solovyev said.
"In turn, we guarantee that we will maintain aluminum production volumes," he said, adding that "other interpretations are impossible in this case."
"If somebody decides that this is a good opportunity to sell it to us and get a profit out of it, then I would like to stress that this is not what we agreed upon with the prime minister," Rusal's First Deputy General Director Vladislav Solovyev said in an interview with Interfax.
The agreement lies in "selling the plant at a fair price that covers costs, so that we can supply the plant with electricity and heat ourselves at cost," he said.
Solovyev said that "purchasing the CHPP is not an end in itself." Rather, "it is the only way to save aluminum production at the Bogoslovsk aluminum smelter. This is why no one should be profiting from this plant," he said. Otherwise, Rusal "will not enter into such a purchase."
Ernst & Young is currently appraising the plant, Solovyev said.
"In turn, we guarantee that we will maintain aluminum production volumes," he said, adding that "other interpretations are impossible in this case."
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