Shareholders of the Public Power Corp., Greece’s dominant electricity provider, on Wednesday approved of a contract to supply power to Aluminium de Grece, a major aluminum producer and one of the biggest industrial concerns in Greece.
Shareholders of the Public Power Corp., Greece’s dominant electricity provider, on Wednesday approved of a contract to supply power to Aluminium de Grece, a major aluminum producer and one of the biggest industrial concerns in Greece.
Among various discounts, bonuses and easier payment plans, the contract also envisions a rate that is linked to the international price for aluminum.
Production of the material entails an energy-heavy process.