Alcoa 2006 Annual Report Download - page 12

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Alumar Expansion
Projects
Last March, Alcoa completed
a 63,000-mtpy expansion of
the São Luis smelter in Brazil,
bringing the total capacity
of the Alumar consortium to
438,000-mtpy. Alcoa raised its
stake in the operation to 60%,
representing 263,000-mtpy
of smelting capacity. The
project set new benchmarks in
speed, safety and budget.
Also underway in Brazil is a
2.1-million-mtpy expansion of
the Alumar alumina refinery.
Once the expansion is com-
pleted, alumina capacity will
total 3.5 million-mtpy.
Power Up Brazil
Alcoa’s plans for energy self-
sufficiency in Latin America
gained ground in 2006 with
three milestones in sustainable
hydropower. Investors created
a company to construct the
210-MW Serra do Facão
hydropower plant in central
Brazil. Alcoa owns 35% of this
project, scheduled to go on
line in 2010. In northern Brazil,
Alcoa increased its stake to
25% in the 1087-MW Estreito
hydropower facility, slated for
start-up in 2011. Barra Grande,
in which Alcoa owns more
than 42%, started its third and
final generating unit, bringing
the plant to its full 708-MW
capacity.
In Good Company
Alcoa was named one of
the most admired and ethical
companies in Brazil in an
annual survey conducted by
CartaCapital, one of Brazil’s
leading weekly news maga-
zines. For the rankings,
CartaCapital polled more than
1,000 leading executives of
companies in 47 sectors of the
Brazilian economy.
South
America
10