Nalco, Iran Mines Body Plan Joint Taskforce
Kolkata: National Aluminium Company (Nalco) and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) will form a joint task force to finalise plans for a proposed smelter and gasbased power plant in Chabahar free trade zone, Iran. This is part of a joint venture aluminium company proposed to be set up in Iran. The task force—comprising senior executives of Nalco, directors of ministry of industries, the government of Iran, and senior executives of Iranian Aluminium Company (IRALCO) —has been given three months’ time to submit its report.
Based on the report, ownership pattern, project financing, long-term supply of gas and other aspects shall be decided, Nalco said in a statement issued by on Monday.
Incidentally, Nalco chairman TK Chand is in Iran as part of an Indian business delegation, which is being led by Dharmendra Pradhan, Union minister for petroleum and natural gas. During the visit, Chand held discussions with deputy minister of industry, mines & trade, government of Iran, chairman of IMIDRO and top officials of Iran government and other aluminium companies.
“The project would help Nalco use low-cost energy available in Iran for conversion of its alumina, currently exported to international markets, into aluminium. The aluminium products from the joint venture company are expected to be highly cost-competitive combining the advantages of lowcost Nalco alumina and low-cost Iranian energy,” Chand said. A team from IMIDRO is likely to visit Nalco shortly.
This is part of a joint venture aluminium company proposed to be set up in Iran