Hydro Energi and Statkraft have signed a long-term power purchase agreement (PPA) securing an annual electricity supply of 876 GWh from 2031 to 2040. The agreement will provide Hydro with around 8.8 TWh of power during the contract period, with deliveries planned in Norway’s electricity price area...
The future of Bell Bay Aluminium smelter in Tasmania remains dependent on the outcome of negotiations over its electricity supply agreement. Federal Industry Minister of Australia Tim Ayres has stopped short of committing federal funding similar to the support extended to the Tomago aluminium...
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Hydro has doubled the size of its aluminium tubing plant and opened the doors of its new same-site extrusion facility in China. The extension is aimed toward meeting local demand for industry-leading products and solutions in the largest downstream aluminium market in the world. Hydro opened its...
Norsk Hydro’s CEO Svein Richard Brandtzaeg, speaking in an opening address at the 16th Arabal Conference and Exhibition in Doha, Qatar, spoke of an aluminium industry with a big dilemma. Aluminium, he said, has experienced the highest growth but it lags behind on price because demand has fallen...
Aluminum giant Alcoa Inc. (AA) announced the sale of its 378-megawatt Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners, a Canadian company engaged in operating renewable energy platforms worldwide. Tapoco is a four-station hydroelectric project located on the Little Tennessee...
Hydro will have a strong presence at ARABAL 2012, the most important gathering for the Middle East aluminium industry, set for November 20-22 in Doha, Qatar. Hydro’s joint venture aluminium company Qatalum is hosting the event, the Arab International Aluminium Conference, and top Hydro...
For shipments in the calendar month January 2013, the conversion price (plus LME) of 1050 alloy standard sheet will be increased by €35 per metric ton, or £30 per mt, while the same price for 5754 alloy standard sheet will rise by €65 per mt. For long-term supply agreements, an alternative solution...
Sør-Norge Aluminium (Søral) primary aluminium plant in Norway has signed electricity contracts with Agder Energi, Lyse, Statkraft and Hydro for the long-term annual supply of up to 2.6 terawatt hours (TWh) of electricity in Norway over an eight-year period, starting in 2013. "We are pleased that...
Alcoa (NYSE:AA) joined with Brazilian business and government dignitaries, including President Dilma Rousseff, in the inauguration of the 1087-megawatt Estreito hydroelectric power plant in Brazil. The power plant was developed by the Estreito Power Consortium, comprised of Alcoa (25.49%),...
Norsk Hydro ASA (NHY), Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83...
State-owned Meridian may need to negotiate a short-term discount on perhaps half the electricity it sells to the Tiwai Point aluminium smelter at Bluff if the plant is to remain open, a source says. The smelter, majority owned by Australian miner Rio Tinto, and Meridian, which owns the Manapouri...
Norsk Hydro ASA sees another tough year in aluminium markets, and with economic uncertainty and low metals prices any improvement in its results has to come from its own cost-cutting efforts. The Norwegian group swung to a net loss in the seasonally weak third quarter, weighed down by depressed...
Europe’s third- largest aluminum maker, fell the most in 11 months in Oslo trading on concern weak aluminum prices will continue to weigh on earnings. Shares in the Oslo-based company fell as much as 6.6 percent, the most since November 2011, and were down 4 percent at 25.83 kroner as of 3:26 p.m....
Norsk Hydro ASA and Orkla ASA have agreed to combine their respective profiles, building systems and tubing business, creating the world's leading aluminium solutions provider. The new combined company, to be named Sapa, will be a 50/50 joint venture owned by Hydro and Orkla. br> The agreement...
Meridian Energy had contingency plans to sell its Manapouri power station electricity if the Tiwai Point aluminium smelter closed, Meridian chief executive Mark Binns said yesterday. Negotiations between the smelter and the state-owned enterprise over the future of its electricity contract...
One of the world's largest producers of aluminum will be able to submit a new request for certification so that it can operate four dams along the Yadkin River. Alcoa Inc. originally received its certification in May 2008 for the Yadkin Hydroelectric Project, but the state revoked it in 2010 after...
Alcoa and U.S. Department of Energy officials yesterday commissioned the $110 million modernization project at Cheoah Dam in Robbinsville, NC, one of four hydroelectric dams that make up Alcoa Power Generating Inc.'s Tapoco Project. The modernization effort has increased the dam's efficiency and...
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,...
Hydro Aluminum is adding fabrication capabilities to its Phoenix, Arizona, extrusion and remelting plant in order to create an integrated fabrication center, the company said Tuesday. The company said it wanted to improve overall service to its North American customers and this expansion is the...
Alloc revolutionized the floor industry in 1996, when the company introduced a locking system that made it possible to lay floors without using glue. Alloc has now developed a system that provides greater precision and locking effect, and which greatly simplifies installation. The heart of the...
