New Victorian Power...

New Victorian Power Contracts



http://www.alcoa.com/sustainability/en/info_page/home_australia.asp

March 2010 was a landmark month for Alcoa of Australia with the signing of new base-load electricity contracts to power the Victorian smelters for 20 years to 2036. The signing of the contracts with Loy Yang Power assured the viability of the smelters through 2036.



The contracts take effect in 2014 for the Point Henry smelter in Geelong and 2016 for Portland Aluminium in Portland, providing a platform for our current and future investment in regional Victoria. The contracts are for approximately 820 megawatts of load and, with future expansion options, could represent more than half of Loy Yang Power’s generation output.



As part of the new contracts, the parties have signed a carbon-reduction agreement, which provides the opportunity to work together on a joint approach to reducing greenhouse gas emissions.

SUPPORT A LOCAL USE COLDRY PLANT ,government will provide initial funding and recieve millions of carbon permits that federal government will guarantee to buy back.

NOVEMBER 21ST 2011.
no mention of Tincom having local rights ,hopefully it will remain that way.