RUSAL (00486) Signs Thermal Energy Supply Agreement with En+

Stock News
Oct 16

RUSAL (00486) has announced that the company has entered into a contract with a representative from En+, agreeing to supply thermal energy under an additional thermal energy supply agreement. The purpose of this additional agreement is to secure the thermal energy necessary for the company's production processes and facilities. Limited Liability Company “Khakass Utility Systems” monopolizes the thermal energy supply in the Sayano-Hushensk region. The thermal energy rates are regulated by the Federal Antimonopoly Service of the Republic of Khakassia. Given the lack of alternative suppliers in the area, the company believes that the transactions under the additional thermal energy supply agreement will be beneficial for it.

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