Alcoa to sell Tapoco dams to Brookfield for $600 million

摘要

Alcoa Inc. will sell its four-station Tapoco hydroelectric project to Brookfield Renewable Energy Partners for $600 million, the aluminum producer said Friday. The Pittsburgh-based company announced in January it would permanently shutter its idled smelter in Alcoa, Tenn., which had been powered by the Tapoco facility before it was curtailed in 2009 (AMM, Jan. 5).