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Rio Tinto Will Upgrade Clean Hydropower in Quebec (posted 11/7/08)

November 7, 2008
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Rio Tinto plans to invest $228 million in a new 225 megawatt turbine at Rio Tinto Alcan’s Shipshaw power station in Saguenay, Quebec.

Rio Tinto plans to invest $228 million in the construction of a new 225 megawatt high-efficiency turbine at Rio Tinto Alcan’s Shipshaw power station in Saguenay, Quebec, Canada. The project is expected to be completed in December 2012.

“This modernization and upgrading of the Shipshaw power generating station underscores the importance we place on secure, competitively priced energy resources, which are key to realization of the long-term Quebec investment program announced in December 2006,” said Tom Albanese, chief executive officer of Rio Tinto. “Rio Tinto remains committed to sustainable, value-creating investments in Canada and the rest of the world.”

The Shipshaw power station is a major component of Rio Tinto Alcan’s hydroelectric network, which has a total installed capacity of approximately 2900 megawatts in Quebec. Other projects in Quebec include the spent potlining facility completed in 2008, as well as Rio Tinto Alcan’s pilot plant using AP 50 smelting technology and a proposed expansion of its Alma smelter.

Visit www.riotinto.com for more information.

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