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Thread: Power shares

  1. #211
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    Yes, they are, JT. But it's a legitimate tactic to try when the price of your product is under pressure.

  2. #212
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    Obviously. Tiwai is not alone.

  3. #213
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    China is over it and their Al will be in full production ,others restricted. Pretty tough for Tiwai.

  4. #214
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    Quote Originally Posted by macduffy View Post
    Offset, of course, by lower commercial and industrial demand. Net result?
    Quite right there macduffy. I would have thought consumption would be alot lower with manufacturing plants shut down.

  5. #215
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    Mr Robertson announced yesterday that infrastructure projects will be key to recovery, and that housing and clean energy are specifically being looked at. That should be good news for the energy and construction sectors, though what are the chances this government will use the situation to advance their ideology. Apart from 100% chance, that is.

  6. #216
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    Quote Originally Posted by artemis View Post
    Mr Robertson announced yesterday that infrastructure projects will be key to recovery, and that housing and clean energy are specifically being looked at. That should be good news for the energy and construction sectors, though what are the chances this government will use the situation to advance their ideology. Apart from 100% chance, that is.
    One silver lining is that there will not be any money left over for the expensive uneconomic clean energy infrastructure. They will try and advance their ideology I agree, but they like all socialists will come to realise that other peoples money does run out eventually.

  7. #217
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    I wonder if the smelter announcement today to close number four pot line could be read as positive for the remaining three keeping going? One would think that if the decision was going to be close the lot then why bother with just announcing one? Thoughts of others appreciated

  8. #218
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    "The strategic review will consider all options, including curtailment and closure and will be complete in the first quarter in 2020."
    The above from RIO's oct announcement, note first qtr of RIO ,not our power companies.Their first
    qtr results last year were released on 14th april so any time up until around then im surmising , for the announcement.

  9. #219
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    Quote Originally Posted by Simsee View Post
    I wonder if the smelter announcement today to close number four pot line could be read as positive for the remaining three keeping going? One would think that if the decision was going to be close the lot then why bother with just announcing one? Thoughts of others appreciated
    Yes, I agree. Whilst the announcement was typically useless from Rio, it does mean that the close down was not a foregone conclusion prior to the COVID outbreak. Closing potline 4 is pretty minor in the big scheme of things, 50MW out of 620 means the majority of load is still there. Totally understand that the current situation means extension of the timeframe but very poor form that they didn't provide anything apart from a throwaway "still in progress" comment, but we have come to expect that from RT!

  10. #220
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    Why would they? They have control of the timing and decision making.They are making the most of their bargaining position and going to the wire to screw down more savings from the power companies, NZ govt.As Mac says a legitimate tactic.

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