Press Releases
Press Releases

Alro concluded the negotiations for electricity price

Mon, 13/08/2012 - 10:38

  • Hidroelectrica will supply three TWh/year to the aluminium producer until 2018
  • The long term contract offers predictability and contributes to the implementation of the Group’s development strategy for Romania

Slatina, 13th August 2012 - Alro SA, (BSE: ALR), the biggest aluminium producer in Central and Eastern Europe, concluded negotiations with Hidroelectrica for the electricity supply of three TWh/year until 2018 and signed the addendum to the contract with the electricity producer. Alro is using the entire quantity of energy for the production process and for the current activity of the Group in Romania.

As a result of negotiations, the two parties agreed on a formula for the electricity price, based on a series of factors, including the aluminium price at the London Metal Exchange and the OPCOM market.

 

For further information please contact:

www.alro.ro

Florenta Ghita
Premium Communication
Bucharest

Phone +40 (0) 21 411 01 52
Email florenta.ghita@premiumpr.ro

 

Notes to the Editors:

Alro SA is subsidiary of Vimetco, a global, vertically-integrated primary and processed aluminium producer. Alro is the largest aluminium production facility in Central and Eastern Europe measured by volume with an installed production capacity of 265,000 tonnes per year

The main markets for the aluminium manufactured by Alro SA are within the EU (Hungary, Poland, Greece, Germany and Romania). The Company also exports to the US and Asia. Alro is ISO 9001 certified for quality management and has NADCAP as well as EN 9100 certificate for aerospace production organizations, its products respecting the quality standards for primary aluminium on the London Metal Exchange – LME, as well as the international standards for flat rolled products.

The contents of the website www.alro.ro are not incorporated into, and do not form part of, this announcement.