Russia's RusAl seen building power plants in Kosovo to prepare energy supply for KAP-Podgorica smelter

RusAl plans to take part in the expansion of the Kosovo B power plant and construction of the new Kosovo C power plant. The two power plants are seen as a long-term supplier to Montenegro's 120ktpy KAP smelter, for which RusAl is in detailed acquisition talks. By the end of May, RusAl is expected to sign a deal to buy a 65.4% stake in KAP and a 31.8% stake in Rudnici Boksita, KAP's main producer of bauxite. The potential deal would see RusAl buy power from Montenegro for the first three years before switching to the Kosovo power plants. (Metals Insider - 05/16/05)

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