Alcoa, Government of Quebec Reach New Renewable Power Agreement For Three Smelters in Province

by ALCOA 04 Mar 14:41

Alcoa, Government of Quebec Reach New Renewable Power Agreement For Three Smelters in Province

New Energy Arrangement Secures Power Through 2040, Enables $1.2 Billion Upgrade, Expansion of Baie Comeau Smelter; Accelerates Negotiations to Expand Deschambault Smelter

NEW YORK—(BUSINESS WIRE)—Alcoa (NYSE:AA) today announced it has reached an agreement with the government of Quebec on a new, renewable energy contract to supply all three of the Company’s aluminum smelters in the province – Baie Comeau, Becancour (ABI), and Deschambault through the year 2040 and enabling Alcoa to invest $1.2 billion to upgrade and expand Baie Comeau production to 548,000 metric tons per year (mtpy).