AREVA enters JV pact with Russia's UC Rusal

Mumbai, June 20 (UNI) Areva's Transmission and Distribution division has announced today the signing of an agreement to form a 50:50 joint venture with the Russian company, United Company Rusal (UC Rusal), the world's largest producer of aluminium.

The joint venture will become the preferred supplier for turnkey projects, electrical equipment and services in the T&D field for UC RUSAL's plants and is expected to generate USD 500 million in orders over the next five years, a press release said.

Through this partnership, UC RUSAL will secure key competencies to support its fast growing production capacity. For AREVA, partnering with UC RUSAL will enable the company to strengthen its position on the booming electrointensive industries market, and to further develop its activities in Russia.

AREVA has longstanding experience and expertise in developing high direct current electricity supply systems for aluminium production sites around the world.

UNI