The aluminium producer, the world’s biggest, is stepping up its efforts to save the Karelian plant from closure. The company is now ready to pay $48 million for the Ondskaya hydropower plant, a generating station located in the Republic of Karelia near the Nadvoitsky aluminium plant.
The Nadvoitsy plant employs about 800 people. It was built in 1954 and has an annual production capacity of 81,000 tons of aluminium.
Rusal now tries to convince Gazprom that it should sell the Ondskaya hydropower plant. However, the gas company appears reluctant. Gazprom owns the TGK-1, the company which runs a number of generating units in Murmansk, Karelia and Leningrad Oblast, including the Ondskaya station.
The issue is now on the table of President Putin. According to newspaper Vedomosti, Rusal representatives last week met with Presidential Andrey Belousov to discuss the issue.
Rusal is experiencing major challenges at its Russian production facilities as aluminium prices are dropping and power prices increase.