ECT 0.00% 0.3¢ environmental clean technologies limited.

loy yang...alcoa

  1. 2,232 Posts.
    At some stage LYP is going to have to clean their brown coal up. Its here to stay.
    ______________________________________________________

    "THE biggest consumer of Victoria's brown-coal-fired electricity is to continue operating for decades after the surprise announcement of a long-term power deal for Alcoa's controversial aluminium smelters....

    Victoria's biggest exporter, had signed electricity contracts with generator Loy Yang Power for the smelters at Portland and Point Henry, near Geelong, until 2036...

    Together, Alcoa and Loy Yang Power employ more than 2500 people in Victoria. Australian Workers Union state secretary Cesar Melhem said the deal would secure thousands of jobs that would have been jeopardised if the contracts were not renewed. ''That's now put to bed, that's really put people's minds to ease that for the next 20 years they will hopefully continue to smelt there.''

    Environment groups were shocked by the news about a facility that at times consumes as much as 20 per cent of the state's electricity. Environment Victoria spokesman Mark Wakeham said: "In a time of climate change it is insane to power aluminum smelters with brown coal. Locking this behaviour in until 2036 defies belief.''

    http://www.theage.com.au/environment/alcoa-deal-locks-in-jobs--and-emissions-20100301-pdl8.html
 
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