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21 Sep 2020 19:15
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  •   Home > News > Politics

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes

    It might not be all bad for the South - when the Tiwai Point aluminium smelter closes


    Rio Tinto plans to wrap up its operations in Southland in August next year - causing around 2,600 job losses.

    Energy Trusts of New Zealand's Alan Jenkins says as it's the country's biggest power user - it'll leave the grid with a surplus of 13 percent.

    He says transmission costs are a big part of what drives prices up - so Southland should see cheaper power.

    Jenkins says their local generators will have a lot more power to sell - and it's cheaper to sell it locally than send it all up North.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     21 Sep: National's Finance spokesman Paul Goldsmith still feels his job is safe after making a four billion dollar blunder to an economic plan
     21 Sep: The Government has committed 27-million dollars towards investing into the global Covid 19 vaccine development alliance
     21 Sep: The Maori Party is pledging to start cancer screening 10 years earlier for Maori
     21 Sep: Claims National should have spotted the four billion dollar mistake in their economic plan
     21 Sep: New pre-election promises were absent from National's virtual campaign launch
     20 Sep: Hopes Aucklanders affected by changes to public transport services adapt and find alternative routes
     20 Sep: Disability advocates say their tiny increase in funding is unworkable and will affect the sector
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    BUSINESS BUSINESS
    National's Finance spokesman Paul Goldsmith still feels his job is safe after making a four billion dollar blunder to an economic plan More...



     Today's News

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