ASEAN KEY DESTINATIONS
Aluminum smelter plant for Malaysia
The JV company, Smelter Asia Sdn Bhd, will develop, own and operate the private aluminum smelting plant with an annual capacity of 370,000 tonnes.
The smelter will be located in Samalaju Industrial Park, 60 kilometers from Bintulu and some 180km from the Bakun hydroelectric dam. The park has been earmarked by the state government for heavy industries under the Sarawak Corridor of Renewable Energy master plan.
Smelter Asia also executed the principal terms of the power purchase agreement (PPA) with Syarikat Sesco Bhd, the wholly-owned subsidiary of Sarawak Energy Bhd, for over 600MW of power supply to the proposed aluminum smelting plant. Smelter Asia and Sesco will jointly conclude the PPA by mid-year.
“The global demand for aluminum is projected to grow by an average 4 percent over the next five years, with Asia driving the demand. Our strategic collaboration will bring the best in class technology to create a modern aluminum plant that will contribute to the socio-economic growth of Sarawak state,” Syed Mokhtar said in a media statement yesterday.
Meanwhile, Alabbar said the plant would not only benefit the country but also support the Asean region's development thrust by providing aluminum, which is critical in driving the massive infrastructure projects that are being planned.
“This signing of joint-venture agreement marks a significant milestone in the course of project development. I believe Smelter Asia would become an indispensable driving force that dramatically stimulates Sarawak's economic growth,” Aluminium Corp deputy general manager Zhang Chengzhong said.
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