Alinta finalises funding for Alcoa plant

ALINTA Gas has secured project financing for the second cogeneration unit to be installed at Alcoa’s Pinjarra alumina refinery. Alinta revealed to the market that Westpac Banking Corporation, the Commonwealth Bank of Australia and WestLB AG will provide a funding facility of approximately $121.5 million on an equal share basis. Alinta and Alcoa signed an agreement in 2003 to commission the gas-fired cogeneration facility, and Alinta had funded the initial stages of the project from its own cash reserves.

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