Long-term future for New Zealand’s Tiwai Point aluminium smelter secured with new power deals
NZAS, which owns and operates
The agreements, which are subject to regulatory approvals and other conditions, are expected to commence in
“They give us confidence that our
“This is an exciting new chapter, and we would like to thank everyone involved, including our new energy partners, our local Indigenous partners Ngāi Tahu, the Southland community, the
The new electricity arrangements include 20-year demand response agreements with Meridian Energy and Contact Energy, under which NZAS may be requested to reduce electricity consumption by up to a total of 185MW. This will help ensure secure electricity supply to
In a separate transaction,
The sale and purchase transactions are part of SCC’s business portfolio transformation. Each transaction is subject to various conditions precedent, including regulatory approvals from New Zealand’s Overseas Investment Office and Australia’s
Notes to editors
NZAS contributes about NZ$400 million to the Southland economy annually, or 6.5% of Southland’s GDP.
About 1000 full time-equivalent employees and contractors work at the smelter, with around a further 2200 people offsite employed indirectly.
Category: NZAS
View source version on businesswire.com: https://www.businesswire.com/news/home/20240530865682/en/
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