Under terms of the agreement with UC RUSAL and JSC HydroOGK, AREVA will produce and supply two silicon rectifier substations and a gas insulated dispenser system. The equipment is designed for the Boguchansk smelter electricity distribution substation and will convert alternating current into direct current. The contract is valued in excess of EURO 90 million (approximately USD 130 million).

The Boguchansk smelter is expected to have production capacity of 600,000 tonnes of aluminium per annum when completed in 2011. The smelter will have new RA 300 electrolytic cells installed, UC RUSAL’s proprietary technology that is already used at the Company’s Khakas aluminium smelter.

The Boguchansk smelter is part of the large-scale Boguchanskoye energy and metals complex construction project, including the completion of 3 000 MW Hydro Power Plant (HPP) on the Angara river. UC RUSAL and HydroGOK will finance the project on a parity basis.

About UC RUSAL
United Company RUSAL (www.rusal.com) is the global leader in the aluminium industry, accounting for approximately 12% and 15% of global production of aluminium and alumina respectively. The company was founded in March 2007 through the merger of RUSAL, SUAL, and the alumina assets of Glencore. United Company RUSAL sells its products in 70 countries worldwide and employs 100,000 people in 19 countries, across 5 continents.
About JSC HydroOGK
JSC HydroOGK (http://eng.gidroogk.ru/) is Russia's largest hydro generating company. HydroOGK unites 49 Russian hydropower stations with an overall capacity of approximately 24 GW. Every 14th kW/h in Russia in 2006 was produced by HydroOGK’s hydropower plants.

AREVA
With manufacturing facilities in 41 countries and a sales network in more than 100 countries, AREVA (www.areva-td.com) offers customers reliable technological solutions for CO2-free power generation and electricity transmission and distribution.  The company employs 61,000 people. AREVA’s businesses help meet the 21st century’s greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations. AREVA's T&D division is an active player around the globe. It designs, manufactures and supplies a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end-user.