MONTREAL, April 26 /CNW Telbec/ - Alcan announced today that it is
beginning the engineering for the construction of a new high-efficiency
turbine at its Shipshaw power generating station in the Saguenay region of
Quebec. The new turbine will eventually replace an older, less-efficient
machine. This project represents an investment of approximately US$130 million
and is part of the US$1.8 billion commitment announced last December.
"The construction of this new turbine for the generation of clean
renewable energy, is in keeping with our strategy for profitable growth as it
further leverages Alcan's strong power position," stated Michel Jacques,
President and CEO, Alcan Primary Metal Group. "The new, 225 megawatt turbine
will allow us to use our existing water resources more efficiently and to
supply additional backup peaking capacity to Hydro-Québec, as agreed in our
December commitment with the provincial government," he added.
The first step in this project, representing approximately
$US 13 million, is to carry out the technical studies and preliminary
engineering required for the construction. Once the first phase is complete,
construction should begin in the first quarter of 2009, with the new turbine
coming on-line in the first quarter of 2013. The Shipshaw generating station
was built in 1943. It has an installed capacity of 896 megawatts.
Alcan Inc. (NYSE, TSX: AL) is a leading global materials company,
delivering high quality products and services worldwide. With world-class
technology and operations in bauxite mining, alumina processing, primary metal
smelting, power generation, aluminum fabrication, engineered solutions as well
as flexible and specialty packaging today's Alcan is well positioned to meet
and exceed its customers' needs. Alcan is represented by 68,000 employees,
including its joint ventures, in 61 countries and regions, and posted revenues
of US$23.6 billion in 2006. The Company has featured on the Dow Jones
Sustainability World Index consecutively since 2003. For more information,
please visit: www.alcan.com.
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