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Alcoa completes $600M Tapoco deal

 

Aluminum company Alcoa said Thursday it has completed the sale of its 378-megawatt Tapoco Hydroelectric Project to Brookfield Renewable Energy Partners.

Tapoco includes four hydroelectric power generating stations and dams on the Little Tennessee and Cheoah rivers in East Tennessee and western North Carolina.

The $600 million deal also includes 86 miles of transmission line and about 14,500 acres of land surrounding the hydroelectric project, Alcoa said in a news release.

 

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