Combined Al & power operation can make more profits than only power generation

摘要

" The combined aluminum & power operation of Shanxi Huaze Aluminum & Electricity Co., Ltd(Shanxi Huaze) is expected to earn more profits than only power generation," said Mr. Wang Yifeng, secretary of director board of Shanxi Zhangze Power Co., Ltd , recently in an interview with reporter of China Securities Journal. Construction of a 280,000tpy smelter and a captive power station with 2X300MW electricity capacity at Shanxi has been ongoing well since it started in April 2003. The company plans to bring the project on in Q2 2005 and the smelter is scheduled to ramp up to full capacity by the end of 2005. The company is 60 percent owned by Chalco and the remaining 40 percent by Shanxi Zhangze Power Co., Ltd. The of Huaze was approved and supported by the National Development and Reform Commission (NDRC), the Chinese industrial policy-maker under the State Council.