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The final stage of construction of the Boguchanskaya AZ postponed

21 July 2014

According to data provided by the Ministry of Energy of Russia, a joint «Rusal» company's project and the State Energy «RusHydro» holding is unlikely to pass the final stage in 2014 — the date of construction of the plant, located near the Boguchanskaya HPP, hopelessly delayed. Ministry requires to develop options that can accelerate the implementation of the project on the construction of Boguchansky association, which includes the construction of hydroelectric power stations on the Angara and aluminum smelting plant with a production capacity of about 600 000 tonnes. The total project cost is about $ 5 billion. USD.

In addition to high availability for the launch of Boguchanskaya HPP marked unsatisfactory readiness substation «Angara» and Boguchansky plant for the production of aluminum, causing doubt in the fact that the production start-up will take place within the previously stipulated deadlines. It should be noted that the launch of aluminum production is shifted far from the first time — last post to postpone the opening of the project took place in the autumn of last year, when «Rusal», focusing on the reduction of the cost of the metal, has appointed a new date for the first stage of the plant in June 2014. Information, provided «RusHydro», the company «Rusal» turned to «Vnesheconombank», funding the construction, with a request to postpone until August 2014, but the results of the negotiations were not disclosed. A little earlier, «RusHydro» It has been suggested that the first line of the company will be operational in test mode until the fourth quarter of this year. Leaders of «Rusal», commenting on the arisen situation, refers to the preliminary plans of investors, according to which the plant will be put into operation in the second half of 2014

Vyacheslav Kravchenko, Deputy Minister of Energy, gave instructions on development options that contribute to ensure speedy start of the project, but in more detail the proposed solution to the situation is not covered. However, Evgeny Dod, who is the head «RusHydro» holding, in the late autumn of 2013 mentioned that the production technology is ready to be launched, and the main facts affecting it — the market price of light metal.

According to «RusHydro», it makes no sense to postpone the launch of ready-to-operate power plant, focusing on the shift timing of the final stage of construction of the plant, since it has already delivered electricity on the wholesale market of Siberia.

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