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AES Aes Corp

16.40
0.059999 (0.37%)
11:38:10 - Realtime Data
Share Name Share Symbol Market Type
Aes Corp TG:AES Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.059999 0.37% 16.40 16.182 16.636 16.436 16.40 16.40 1,705 11:38:10

Cameroon Starts Supplying Extra Pwr To Aluminum Plant-Report

19/08/2009 1:06pm

Dow Jones News


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YAOUNDE, Cameroon -(Dow Jones)-The Kribi Power Development Corp. has started supplying electricity to boost aluminum output at Cameroon's sole smelter, a statement issued through Cameroon state radio by the company said Wednesday.

The 41 megawatts additional power supply is part of 155-216 MW of generating capacity for Cameroonian industrial and household consumption to be created by two gas-fired thermal plants under construction by the KPDC.

Cameroon government owns 44% of the KPDC, while the remainder 56% is controlled by AES Corp. (AES). AES bought 56% of Cameroon's former state-owned electricity firm, the National Electricity Corporation, or Sonel, in 2001 to become AES-Sonel.

Alucam, an affiliate of Rio Tinto PLC (RTP), depends on AES-Sonel, which owns KPDC, to power its aluminum production of 90,000 metric tons a year. Due to inadequate power supply, the smelter has temporarily stopped production.

Alucam and AES-Sonel reached an agreement earlier August to get its energy supply raised by September to stabilize aluminum output.

-By Emmanuel Tumanjong, contributing to Dow Jones Newswires; +237-7773-1930, +237-9655-6261; tnuel@yahoo.com

 
 

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