Construction of Taishet Aluminium Smelter was started in 2006, although RUSAL decided to suspend the project in 2009 due to unfavourable market conditions. Following economic recovery and an improvement in the market conditions in 2016, RUSAL’s Board of Directors decided to resume construction of Taishet Aluminium Smelter LC-1 (first series) and approved preparatory works to resume construction. Construction of Taishet Aluminium Smelter resumed in 2017.
The project includes construction of an aluminium smelter in Taishet in the Irkutsk Region (Eastern Siberia) with the annual design capacity of the LC-1 (first series) at 352 pots or 428.5 ktand an annual electricity consumption of 6,370 million kWh.
As at 31 December 2018, RUSAL had invested USD 792 million (excluding VAT) in the LC 1 (first series) construction project.