Saturday 24 March 2018

Alba Line 6 Expansion Project work in full swing

MANAMA, December 14, 2017

Aluminium Bahrain (Alba), the first aluminium smelter in the Gulf region, has been making steady strides in the construction of its landmark Line 6 Expansion Project in order to meet the first hot metal (FHM) schedule on January 1, 2019, according to a statement issued by Alba Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa.
The statement was made following the fourth quarterly meeting of the board of directors for the year 2017 held today (December 14) at Alba.
The board approved the minutes of the previous meeting, which was held on September 27 as well as reviewed the reports of the executive committee, board audit committee and the nomination and remuneration committee during the meeting.  
The board reviewed and approved the 2018 annual operating plan, corporate governance report as well as Q3 2017 financial statements. In addition, the executive management gave an update on safety, Line 5 recovery and metal production, the progress of Line 6 Expansion Project, Project Titan – Phase II, industry outlook and the overall financial performance of the company. 
Shaikh Daij said: “As we approach 2017 year-end, we remain confident to have a strong finish in light of the market conditions coupled with the safe recovery of Line 5. We also remain on track with the progress of Line 6 Expansion Project, which upon completion, will transform Alba to be the largest single-site smelter in the world.” 
In addition to the chairman, the Alba board comprises six directors appointed by Bahrain Mumtalakat Holding Company – Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Yaser E Humaidan, Dr Mohamed Kameshki and Suha Karzoon; two directors appointed by Sabic Industrial Investments Co (SIIC)  - Ahmed Mohammad A Al Jabr and Ali Al Shamrani; and two independent directors - Uwaidh Al Harethi and Mutlaq Al-Morished.  
Alba’s Line 6 Expansion Project is one of the largest brownfield developments in the region. Expected to begin production by January 1, 2019, this project will boost the smelter’s yearly production by 540,000 metric tonnes, bringing its total production capacity to 1.5 million metric tonnes per year. 
With a Capex of approximately $3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line utilising EGA’s proprietary DX+ Ultra Technology; a 1,792-MW power station and other industrial services. 
Bechtel is the EPCM contractor for the Line 6 Expansion Project smelter. For Power Station 5 (PS 5), GE and GAMA Consortium was awarded the EPC contract, while Siemens is the Power Distribution System contractor.  J P Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the financial advisors for this project. - TradeArabia News Service

Tags: aluminium | Alba | Expansion |

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