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United Co RUSAL ( (HK:0486) ) has shared an update.
United Company RUSAL has entered a series of connected transactions under which JSC IENC, an associate of En+, will provide electrical grid connection services to group entities, including the Taishet Aluminium Smelter and the United Company RUSAL Anodic Factory. The contracts, running through 31 December 2026, carry an estimated total consideration of about USD 16.15 million, underpinning critical power infrastructure for RUSAL’s expansion plans and reflecting ongoing reliance on regulated regional tariffs for grid access.
One key agreement covers grid connection work at the Taishet smelter, with 2026 payments contingent on a decision to proceed with the second series of electrolysis facilities at the site. The transactions, conducted in the ordinary course of business but classified as continuing connected transactions under Hong Kong listing rules, highlight the strategic importance of secure, tariff-regulated electricity connections for RUSAL’s production capacity and future growth trajectory.
More about United Co RUSAL
United Company RUSAL is a major international aluminium producer operating in the Russian Federation and listed in Hong Kong and Moscow. The group’s operations span smelting and related upstream and downstream activities, including large-scale smelter projects that depend heavily on reliable power and grid connections in key industrial regions such as Irkutsk.
See more data about 0486 stock on TipRanks’ Stock Analysis page.