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January 20, 2011

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Home » Business » Energy

US$7.5b deals

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.




 

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