INDIAN ALUMINIUM COMPANY TO BUILD SMELTER IN INDONESIA
October 1st, 2010
BY RAGHAVENDRA VERMA
THE INDIAN government-owned National Aluminium Company Ltd (Nalco) is going to build a USD4.5 billion aluminium smelter of 500,000 tonnes annual capacity in Indonesia's East Kalimantan province. On Tuesday, the company signed a Memorandum of Understanding with the provincial government for setting up the smelter and a 1,250MW power plant, which is expected to take four years to construct.
The project will be executed through a joint venture company where Nalco will hold 75% equity while the rest will be owned by a local coal mining firm that ...
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