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Norsk Hydro to buy aluminium in Tajikistan

Thursday, Dec 21, 2006
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DUSHANBE, Dec 20 (Reuters) - Norway's Norsk Hydro plans to buy 200,000 tonnes of aluminium a year in Tajikistan over the next four years and supply 150,000 tonnes a year of alumina in exchange, a firm executive said on Wednesday.

Norsk Hydro's Vice President Simon Storesund told reporters his company was also considering investing in new hydroelectric power stations in Tajikistan, the former Central Asian Soviet state bordering Afghanistan.

Tajikistan's economy, devastated by a civil war in the 1990s, depends heavily on aluminium exports, which account for nearly two-thirds of hard currency earnings.

The mountainous nation, which has some of the world's largest hydro resources, has long experienced electricity shortages and needs new capacities to produce power.

The state-owned Tajik Aluminium Smelter -- the only smelter in Central Asia -- plans to raise output to 420,000 tonnes this year from 379,630 in 2005.  

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