Rio Tinto (ASX: RIO) introduced Thursday it is spending C$ 1.7 billion ($ 1.2 billion) to update its Isle-Maligne hydroelectric nuclear power plant in Alma, Quebec, very first appointed in 1926.
This is Rio Tinto’s biggest solitary financial investment in its hydroelectric possessions given that the 1950s, the miner claimed.
The nuclear power plant innovation is important to safeguard the future of low-carbon light weight aluminum manufacturing in Saguenay– Lac-Saint-Jean, sustaining tasks throughout the area, Rio claimed, including that the repair will certainly likewise safeguard its possessions for the long-term, guarantee a much more reliable, risk-free and trusted power supply of renewable resource to smelters, casting residences and various other centers.
The job will certainly run up until 2032, with an approximated over 300 individuals dealing with the website at its top. It consists of changing 8 turbine-alternator teams, restoring their water consumption and hydraulic flow, constructing an expansion and mechanical workshop to the north of the power plant, changing electric and mechanical tools, and changing a spillway to make sure that it can be made use of accurately in wintertime.
” The Isle-Maligne hydroelectric nuclear power plant has actually been a critical possession for Rio Tinto for 100 years, making use of the proficiency and devotion of numerous generations of staff members and organization companions,” Rio Tinto Aluminium’s taking care of supervisor for Atlantic procedures, Sébastien Ross, said in a news release.
” The Isle-Maligne hydroelectric nuclear power plant has actually been a critical possession for Rio Tinto for 100 years, making use of the proficiency and devotion of numerous generations of staff members and organization companions,” Ross proceeded.
” This significant financial investment to update our centers will certainly guarantee the long-lasting future and competitivity of our low-carbon light weight aluminum manufacturing in Quebec for years ahead for our Canadian and American consumers.”
This financial investment remains in enhancement to formerly introduced tasks worth a mixed C$ 252 million ($ 183 million) for the repair of butterfly shutoffs and work on two other turbine-alternator groups at the Isle-Maligne nuclear power plant.
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