Investing in Indiana
Alcoa and partners are to invest up to $400 million to upgrade facilities at the Warrick Power Plant in Newburgh, Indiana.
is investing approximately $330 million at its Warrick Power Plant in
, to increase environmental performance, increase power efficiency, lower costs and further secure long-term, low-cost power for its smelter and related downstream business there.
Plans include installation of scrubbers on all four operating units, boiler modifications to provide greater fuel flexibility, and installation of new and improved coal handling facilities for increased efficiency. The company announced in May plans to invest $45 million to purchase equipment and the right to mine coal in nearby
"This is a significant investment to reduce emissions well beyond anything required by regulation while increasing the competitiveness of the Warrick Operations and ensure that we have long-term, low-cost power for our smelter and rolling facilities here," said Alan Cransberg, President, North America Primary Metals.
Vectren Corporation, which owns a portion of the Warrick Power Plant, has also committed $68 Million to the project, bringing the total investment to $400 million.
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