http://www.alcoa.com/australia/en/info_page/smelting_power_contracts_and_environment.asp
This link has greater significance NOW due to the carbon tax compensation package.
LYP and ALCOA can fulfill their obligation under the 26 year supply agreement contract and receive government assistance.
Under this agreement, Loy Yang Power will present an annual carbon plan to Alcoa outlining proposals and opportunities to reduce greenhouse gas emissions.
It ensures Alcoa, and its joint venture partners, can participate in any project aimed at reducing Loy Yang Power?s greenhouse gas emissions.
NOTE AIMED AT REDUCING LOY YANGS POWERS greenhouse gas emissions.
400 million , to secure all the carbon credits worth millions and achieve its contractual obligations.
ESI major revaluation once carbon tax is passed.
http://www.alcoa.com/australia/en/info_page/smelting_power_contra...
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