Alcoa deal with AGL secures Portland smelter, jobs
The nine-year extension of AGL’s existing contract secures half the energy needs of the Portland aluminium smelter but Alcoa will still need to source the rest of its supply after 2026.
The nine-year extension of AGL’s existing contract secures half the energy needs of the Portland aluminium smelter but Alcoa will still need to source the rest of its supply after 2026.
Energy boss Frank Calabria says the nation must incentivise new gas fired power generation capacity, and authorities will need to develop plans to smoothly manage the retirement of coal.
The WA government says the move will ensure domestic supplies, but critics insist it will curtail financing options for developments.
AGL Energy will offer customers who own an electric vehicle cheaper overnight charging, as it hopes to tap into the growing market.
The result will stoke pressure on the oil and gas company to finally deliver on promised increases in production after several false dawns.
After being forced to twice extend its exclusive rights period to buy a 5 per cent stake in Papua LNG, the state-owned company’s boss says the deal is finally close.
AGL Energy believes power prices will remain at high levels over the next two years as the industry grapples with a shift to renewables.
Transmission line developers will have to engage early with the broad local community who may be affected by the installation of high voltage cables.
The decision by Australia’s biggest lender could be a template for others, tightening yet further access to capital to oil and gas developments just when the country is grappling with an energy crunch.
An Australian climate advisory group has struck a deal with Indonesia’s sovereign wealth fund to unlock and commercialise carbon credits in Southeast Asia’s largest economy.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/42