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Alcoa enters into second power purchase agreement for smelter restart in Spain

Alcoa enters into second power purchase agreement for smelter restart in Spain

Pittsburgh-based Alcoa Corp. has entered into a second power purchase agreement to restart the use of its San Ciprián smelter in Spain, the company said on Thursday. The agreement will account for 30% of the smelter’s base load power, which combined with a previously announced power purchase agreement, totals 75% of the smelter’s electricity requirements.