Business
Portland Aluminium smelter thrown $150m government lifeline to secure its future – ABC News
The agreement means the south-west Victorian plant, which consumes roughly 10 per cent of Victoria’s energy, will be able to keep operating until 2026.
A government-backed deal struck between energy retailers and an aluminium smelter in Victoria will allow the plant to keep running until at least 2026.
Key points:
- It is understood the Victorian government has matched the federal government’s $76.3m contribution
- The financial backing has helped Portland Aluminium strike an energy deal with Alinta, AGL and Origin Energy
- The smelter uses roughly 10 per cent of the state’s energy supply
Portland Aluminium, which American company Alcoa has a majority…
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