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« Alte articole din categoria In brief

Alro owner and InterAgro to build large capacity power station

In brief



Data adaugarii: 2008-04-16

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Dutch company Vimetco, the owner of aluminium producer Alro Slatina, and the InterAgro group, controlled by businessman Ioan Niculae, have established a joint venture that will build a large capacity power station near Turnu Măgurele.
The main object of activity of the new company, named TM Power and equally held by the two companies, will be the achievement of a coal power station, with a capacity of at least 1000 MW, a Vimetco release reads.
The industrial platform on which an InterAgro subsidiary functioned before the implementation of the project to build the power station is situated on the Danube bank, 90 kilometres far from Slatina. Both Alro, and InterAgro are big energy consumers. Alro has a constant annual consumption of around 450MW. "The newly established company represents the first strategic partnership concluded by Vimetco to enter Romania's electricity market.

The set up of TM Power demonstrates our commitment to implement the vertical integration strategy and to provide the necessary electrical energy for the Slatina aluminium complex. We are confident the project will be started this year and, by the end of 2012, we will have our first electricity deliveries", said Christian Wuest, CEO Vimetco.
Vimetco holds and operates electrical energy production capacities in excess of 1000 MW, in China. The most recent energy group, of 300 MW, was started in January 2008, and another with a similar capacity is under construction. The company is a vertically integrated producer of primary and processed aluminium, which holds units in Romania and China, a holding in the Netherlands and a management company in Switzerland. Vimetco NV controls aluminium production capacities that totalise 680 000 tons yearly, having some 12 000 employees.
InterAgro is a private company with joint Romanian-British capital, whose main activity areas are the culture of cereals and technical plants and foreign trade, particularly the export of chemical fertilisers for agriculture.
The foreign trade activity was taken over by InterAgro from the majority stakeholder, the mother-company Interaction SRL, a private company with joint Romanian-British capital.

 
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