US$7.5b deals
By Fu Chenghao |
January 20, 2011, Thursday
|
Print Edition
Print Edition
ALCOA Inc, the biggest United States aluminum maker, and China Power Investment Corp have agreed to collaborate on a range of aluminum and clean-energy projects worth possibly more than US$7.5 billion in potential investment over the coming years.
The two companies signed a pact on Tuesday to develop wind and solar power projects as well as "state-of-the-art" aluminum smelting operations in China and expand their trading relationship, Alcoa said in a statement.
Analysts said the cooperation may help China reduce pollution by supplying clean energy to the energy-intensive aluminum smelting sector.
The two companies signed a pact on Tuesday to develop wind and solar power projects as well as "state-of-the-art" aluminum smelting operations in China and expand their trading relationship, Alcoa said in a statement.
Analysts said the cooperation may help China reduce pollution by supplying clean energy to the energy-intensive aluminum smelting sector.
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