BELGRADE, May 14 (Prime-Tass) -- Russia's leading aluminum producer RusAl plans to take part in the construction of two power generating units at the Kosovo B power plant and in the building of the Kosovo C power plant, ITAR-TASS reported Saturday referring to Montenegro’s Vice Prime Minister Branimir Gvozdenovic.
RusAl is currently in negotiations with Kosovo authorities on terms for building the new power facilities. The facilities will be used to supply power to the Kombinat Aluminijuma Podgorica (KAP) aluminum plant, Gvozdenovic said.
RusAl declined to comment on the project.
By the end of May, RusAl is expected to sign a deal to buy a 65.4% stake in KAP, which is based in Montenegro, ITAR-TASS reported. The deal also includes buying a 31.8% stake in the Rudnici Boksita plant, KAP's main producer of bauxite.
According to the deal, in the first three years RusAl will purchase electric power from Montenegro for 20.44 euros per megawatt. After this period, the new Kosovo B and C generating facilities will meet the power needs of KAP.
KAP is the only alumina and primary aluminum producer in Montenegro, and has an annual aluminum production capacity of 120,000 tonnes.