8 March 2010
Herbert Geer partner Andrew Venables is pleased to have advised Alcoa and their joint venture partners in the largest electricity contract in Australian history.
Last week, Alcoa of Australia Limited and Loy Yang Power announced new base-load electricity contracts to power Alcoa's smelter at Point Henry, Geelong, and the Portland aluminium smelter in Victoria to 2036.
The contracts take effect in 2014 for the Point Henry (Geelong) smelter and in 2016 for the Portland facility. Alcoa of Australia's Managing Director Alan Cransberg and Loy Yang Power's Chief Executive Ian Nethercote agreed the announcement is a landmark for the future of both companies as well as for the Victorian and Australian economies.