En+ eyes new ways for construction of transshipment facilities in northwest Russia
En+ (controlling shareholder of Rusal) considers different ways for construction of maritime transshipment facilities in northwest Russia. As PortNews IAA learnt from the company’s press center, the project’s investment performance has considerably declined and it became less attractive for En+ because the issue of investment in construction of a railway station to support aluminum and alumina terminal in Ust-Luga has not been solved yet.
“We will select the most economically efficient solution,” the company said.
We remind that in summer 2008 Rusal and Ust-Luga OJSC signed a memorandum on implementation of a project on construction and launch of a transshipment complex comprising two terminals for transportation of aluminum and alumina via Ust-Luga. Rusal investment into the project could exceed $300 mln.
The terminal’s supposed capacity – 2.5 mln tons of alumina and 2 mln tons of aluminum per year with further expansion to 4 mln tons and 3 mln tons respectively. This project was considered as the first step of Rusal in implementation of a program on creation of its own specialized port facilities ensuring efficient transshipment of raw materials and products in compliance with the company’s plans on production expansion.
En+ Group is a Russia-based industrial group involved in metals, mining, energy and strategically related industries. The company’s President is Oleg Deripaska. En+ Group holds a 47.41% stake in the world's largest alumina and aluminium producer UC RUSAL, owns EuroSibEnergo PLC (the largest Russian independent power producer), SMR (one of the world's largest ferromolybdenum producers), substantial coal assets and a logistics business.
