Smelter extension beyond 2024 unlikely - Meridian

Mon, 18 Jan 2021

Meridian Energy would consider a further extension of the Tiwai Point smelter contract beyond 2024 but said other options to use the site’s electricity supply are likely to be more valuable for the country long term.Chief executive Neal Barclay said the electricity price New Zealand Aluminium Smelters has been offered for the next four years is “not sustainable” for the industry but was necessary to get the time needed for a sensible transition for the company and the region.Meridian is in talks with other firms interested in...

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