RUSAL(00486): Group member companies sign new heat supply contract with En+
Rusal (00486) issued an announcement stating that its member companies have signed a contract with En+, whereby En+'s...
RUSAL (00486) announces that its group members have entered into a contract with En+'s contact person, who has agreed to supply thermal energy to the group members.
The announcement states that the purpose of entering into the new thermal energy supply contract is to obtain the thermal energy required for the group's production processes and facilities. Joint Stock Company Baikalenergo is the only supplier capable of providing thermal energy in the Irkutsk region. The thermal energy rates applicable to the new thermal energy supply contract reflect the rates set by the Irkutsk region tariff service regulations. The company believes that the transactions proposed under the new thermal energy supply contract are advantageous for the company, as there are no alternative suppliers in the region.
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