NZAS terminates electricity contract and plans to wind-down operations following strategic review
Retrieved on:
Wednesday, July 8, 2020
As a result, NZAS has given Meridian Energy notice to terminate the power contract, which will end in August 2021, when the wind-down of operations is expected to complete.
Key Points:
- As a result, NZAS has given Meridian Energy notice to terminate the power contract, which will end in August 2021, when the wind-down of operations is expected to complete.
- Extensive discussions with a wide range of interested parties have failed to secure a power contract that will enable the operation to become both competitive and profitable.
- During the next 14 months, NZAS and Rio Tinto will work closely with partners as detailed planning is undertaken to wind-down operations, and eventually close the smelter.
- Rio Tinto Aluminium chief executive Alf Barrios said We recognise the decision to wind-down operations at NZAS will have a significant impact on employees, the community and our customers.