UC RUSAL and RusHydro have INVESTED OVER USD 1.8 bln in the BEMO Project
Moscow, 11 August 2008 – UC RUSAL, the world’s largest aluminium and alumina producer, and RusHydro, the largest Russian renewable energy generating company, have announced the two-year results of their joint BEMO project, which includes the completion of the Boguchansky hydropower plant and the construction of a greenfield aluminium smelter in the Krasnoyarsk region. Since the beginning of the project, both companies have already invested over USD 1.8 billion, while it is expected to bring the total amount of expenditures by the end of 2008 to USD 2.6 bln. 65% of the investments were