if they close the smelter just means no more wind farms etc will need to be built for quite a while as natural growth chews up the excess over time.
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if they close the smelter just means no more wind farms etc will need to be built for quite a while as natural growth chews up the excess over time.
It is about time the power sector got a rude awakening... valuations were getting to crazy high levels and seems like Mr Market forgot that the power sector in NZ is not 'risk free'.
[QUOTE=boysy;775564]Sounds like a bit of gamesmanship from rio Tinto the current price of aluminium is up about US$200 since the 2015 low when the smelter last had a go at the government and meridian from memory.
Yep its rinse and repeat threat, bluffing, lower the prices or we may close sorta spin, same old ,same old tired tactics.
Time to get building the transmission line from Manapouri to Roxborough.
Last I heard it would take one year planning and two years building.
There are are already existing AC transmission lines between Manapouri and Benmore. Transpower just need to build a DC station at Manapouri, change the type of wire on the towers, and develop switch-in/switch-out capability at Benmore.
Boop boop de do
Marilyn
[QUOTE=Joshuatree;775649]Yep, that's how I see it too. Even if Rio Tinto does pull the plug Meridian will surely win as the Govt. will want to fast track the required transmission lines in order to see power prices fall and generation capacity be able to cope with the ever increasing demands for electricity. Megan Woods'4.5 wind farms per year won't be required.