The group wants to build a cogeneration power plant on the Alum Tulcea platform, which will provide power to Alum, Alro and the town of Tulcea (southeastern Romania).
“Following the feasibility study conducted by Tractebel Engineering, seven companies placed bids, among them, China Huadian Engineering, China National Electric Engineering, Consortium of Hyundai Engineering & Construction Co. Ltd. Korea (HDEC) and Itochu Corporation & Hyundai Engineering & Construction Co. Ltd. (ITOCHU), Metka S.A., Minmetals Engineering Co. Ltd., Siemens and Sinohydro Corporation Limited,” the company said in a news release.
The project is unfolded by Vimetco Power Romania, and it is funded by the European Bank for Reconstruction and Development.
“We are focusing on increasing the efficiency of the operations. On the operational side, we integrated the mining and the production of alumina, achieving an important cost reduction, but also securing the raw materials supply for our smelter in Slatina. We are committed at ensuring the security of raw materials, electricity included,” said Gheorghe Dobra, Acting CEO Vimetco and Alum GM said.
In the first half of 2011, Vimetco posted a net profit of $75 million in the first half of 2011, triple on the year.
Alro Slatina is one of Romania’s largest electricity consumers.