Slovalco to restart 75,000 tonnes of curtailed aluminium capacity, supplying a critical raw material for Europe
Slovakia, July 2 -- The aluminium plant Slovalco has reached an agreement with the Slovak government enabling the restart of 75,000 tonnes of primary aluminium production capacity.The agreement with the Slovak government marks an important milestone to resume full operations at Slovalco after operations were curtailed in 2022 due to high power prices. It establishes the long-term framework conditions necessary for aluminium production, including a robust compensation scheme for indirect carbon costs under the EU Emissions Trading System (ETS). In addition, Slovalco has entered a long-term commercial power purchase agreement (PPA) with Vodohospodarska výstavba, š.p.The decision to restart Slovalco is dependent on approval of the updated Slov...
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