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Rusal's $810k lawsuit against RusHydro postponed to December 1

15:18 24/11/2011

MOSCOW, November 24 - RAPSI, Sergei Feklyunin. An appellate court postponed until December 1 a $810,350 lawsuit filed by the Rusal Sayanogorsk Aluminium Smelter against RusHydro for losses incurred after an accident at the Sayano-Shushenskaya Hydropower Plant, the Russian Legal Information Agency (RAPSI) reports from the court on Thursday.

Sayano-Shushenskaya HPP restoration projectSayano-Shushenskaya HPP restoration project

RusHydro is Russia's largest power generating company comprising 60 renewable energy plants, including the Sayano-Shushenskaya Hydropower Plant, which is presently under repair.

RUSAL is the world's leading aluminum manufacturer. It occupies 10 percent of the global aluminum and alumina markets. About 76,000 people work for the company. Rusal operates in 19 countries on five continents. The company mostly sells its products in Europe, North America, Southeastern Asia, Japan and Korea.

The accident at the plant occurred on August 17, 2009 when a turbine broke apart. Both the turbine hall and the engine room were flooded. Three turbines were destroyed and all the other turbines were damaged. The plant consequently ceased operations.

The accident caused a power outage at the Sayanogorsk and Khakassky aluminum smelters, resulting in multimillion ruble losses for the plants.

The RUSAL Sayanogorsk Aluminium Smelter sustained a 25 million ruble ($810,350) loss. The smelters filed a lawsuit against RusHydro to compensate for the losses.

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Rusal's $810k lawsuit against RusHydro postponed to December 1

15:18 24/11/2011 An appellate court postponed until December 1 a $810,350 lawsuit filed by the Rusal Sayanogorsk Aluminium Smelter against RusHydro for losses incurred after an accident at the Sayano-Shushenskaya Hydropower Plant.
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