Quebec smelter expansion plans put on ice

Article Abstract:

The foreign consortium that owns the Alouette aluminum smelter in Quebec has decided to postpone its plan to expand the smelter at a cost of C$1.2 billion after Liberal Leader Jean Charest promised to lower electricity rates if his party wins in the Nov. 30, 1998 election. The consortium had been in negotiations with the Quebecois government but the latter denied its request to subsidize electricity rates for fear that the move would revive a bitter trade dispute with the US. The proposal could have expanded the capacity of the smelter, currently at 215,000 tonnes per year, by 100%.

Comment:

Quebec: Foreign consortium that owns Alouette aluminum smelter postpones plan to expand smelter

Facilities & equipment, All Other Metal Ore Mining, Alumina, Mining industry, Aluminum oxide

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Quebec rejects shipyard bailout bid

Article Abstract:

Davie Industries Inc. is not expected to receive additional funding of C$500 million from the government of Quebec which is reluctant to use up any more taxpayer funds. The decision was made by the cabinet of Premier Lucien Bouchard despite the fact that 125-year-old shipyard is the only one left in Quebec. Its owner Dominion Bridge Corp. of Montreal, Quebec, issued the request to the province's government. The shipyard already received over C$400 million from the government earlier, indicated Finance Minister Bernard Landry.

Comment:

Is not expected to receive additional funding of C$500 million from the government of Quebec for shipyard Davie Industries Inc.

Strategy & planning, Financial management, Ship Building and Repairing, Shipbuilding & Repair, Davie Industries Inc., Dominion Bridge Corp.

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Quebec faces new power struggle

Article Abstract:

Quebec the power island is spared of the upheaval that electricity has become a curse for millions of North Americans jostled by their Government's messy experiments with deregulation. However there is much talk of dismantling Hydro-Quebec and Quebeckers got a jolt when it was revealed that it was rapidly running out of power and since the second phase of the vast James Bay hydroelectric development in the late 1980s, Hydro-Quebec has added very little new capacity.

Forecasts, trends, outlooks, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Electric services, Electric Power Trans & Distr, Electric Power Transmission, Control, and Distribution, Energy Supply Programs-Electric Power, Forecasts and trends, Market trend/market analysis, Electric power supply, Energy shortages

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