Business
Federal Government guarantees Alcoa’s Portland aluminium smelter income during peak power-usage periods – ABC News
Federal funding to underwrite Alcoa’s Portland aluminium smelter is hailed as a lifeline for hundreds of workers, but as a lost opportunity for Victoria to move…
A Federal Government commitment of $76.8 million to underwrite Alcoa’s giant Victorian aluminium smelter has been hailed as a lifeline for hundreds of workers, but as a lost opportunity to move towards renewable energies.
Key points:
- The Federal Government has committed $76.8 million to underwrite Alcoa
- The Commonwealth funding is expected to safeguard the smelter until 2025
- The funding was announced in the mid-year budget update
The smelter at Portland, in the state’s south-west, is one of Victoria’s…
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