Just in from The Age:
The future of the Portland aluminium smelter in Victoria – and the jobs of hundreds of workers – is in doubt with the power company which supplies the plant disclosing one of the plant’s owners is to terminate a supply contract, with all supply contracts expected to be axed.
The move follows the decision of the Victoria government earlier this year to not extend subsidies provided to keep the plant in operation. A 20-year fixed subsidy expires in November…
AGL, which supplies the big aluminium smelter with electricity from its Loy Yang A power plant in the Latrobe Valley, said it expects the other three owners will also move to terminate their agreements…
In 2014, Alcoa closed the Point Henry smelter which led to the closure last year of the Anglesea power plant.
