Hydro to provide nearly EUR 4 million for the construction of technical school in the Barcarena area, Brazil

The new school will help educate people in the Barcarena area, where Hydro’s Alunorte alumina refinery is located. (Photo: Hydro/Anders Vindegg)

(PRESS RELEASE) OSLO, 13-Aug-2020 — /EuropaWire/ — Norsk Hydro ASA (OTCMKTS: NHYDY), a Norwegian aluminium and renewable energy company, has announced it has signed an agreement with the Government of Pará to include the Barcarena School of Work and Production, which is among the initiatives of the Term of Commitment (TC), signed back in September 2018. The company’s initiative aims at strengthening professional technical training in the municipality, where Hydro’s Alunorte alumina refinery and Albras aluminium plant are located. Hydro will provide up to BRL 25 million (~ EUR 4 million) for the school’s construction as it is expected to be completed by the end of 2021.

The project will be designed by Hydro for approval by the State Secretariat for Science, Technology and Professional Education and Technology Education (SECTET). Hydro will do the construction work, and the project will potentially generate around 250 direct jobs during construction. After completion, the building will be donated to the Government of Pará, which will be responsible for the facility, operation and maintenance of the school.

The school will include an auditorium, libraries, laboratories, living areas, a theater for cultural activities, a multi-sport court and cafeterias.

“Hydro is committed to make a relevant contribution to a fair and viable society, and to the sustainable development of the communities where we operate. This initiative is in line with our Corporate Social Responsibility strategy, which is guided by the United Nations Sustainable Development Goals. We acknowledge the potential of professional and technical education and access to employment as social transformers. Therefore, we believe in the positive difference that this initiative will make in Barcarena and the region,” said Anderson Baranov, vice president of Government Relations for Hydro in Brazil.

Hydro social programs in education and training for sustainable development benefited more than around 15,000 people in the State of Pará in 2018 and 2019.

Media contact:

Halvor Molland
Senior vice president, Media Relations

+47 92979797

SOURCE: Norsk Hydro ASA



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