Tiwai Point to begin energising fourth potline

Tiwai Point to begin energising fourth potline
Gavin Evans
By Gavin Evans Sept. 20 (BusinessDesk) - The Tiwai Point smelter will soon begin energising the site’s fourth potline after a six-year break. The country’s biggest power consumer agreed on a new four-year, 50 MW supply contract with Meridian Energy in May. The new contract, backed by the country’s other major generators, was negotiated after a sustained improvement in aluminium prices and a reduction in the New Zealand dollar made the extra production profitable. Today Meridian said it expects the potline – shut in 2012 due to low alum...