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Tiwai fallout: What the deal means for power prices, politicians and investors?


Tiwai fallout: What the deal means for power prices, politicians and investors?
18 Jan, 2021 04:27 AM
6 minutes to read
A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times
A new electricity deal means the Tiwai Point aluminium smelter will continue to operate until at least 2024. Photo / Otago Daily Times
Few single issues impact the New Zealand economy like the future of the Tiwai Point aluminium smelter.
When Rio Tinto announced it was conducting a strategic review of the smelter in late 2019, billions were
wiped off the value of the NZX, more than 1000 people feared for the jobs and Treasury warned that investment in renewable energy could be put off for years. ....

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