Business
Power play: Meridian Energy reaches deal with Rio Tinto over Tiwai Point Smelter – New Zealand Herald
Threats by mining giant to close led to months of negotiations over Southland plant.
The Tiwai Point aluminium smelter is Southland’s largest employer and New Zealand’s largest single user of electricity. Photo / suppliedThe owners of the Tiwai Point aluminium smelter say they have reached a deal with electricity provider Meridian Energy that will keep it open until the end of 2024.
While neither Meridian nor Rio Tinto have given details of the deal, Contact Energy has revealed that it has stepped in to provide Meridian some of the electricity the smelter requires.
Separately, the…
