• Media release
  • 9 Jul 2020
  • 1 min read

Statement on the closure of Tiwai Point Aluminium Smelter

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  • Statement on the closure of Tiwai Point Aluminium Smelter

Statement from Marc England, CEO Genesis:

"The closure of Rio Tinto’s Tiwai Point Aluminium Smelter is disappointing news, in particular, for the people of Southland who are most directly affected. This marks a fundamental shift in the New Zealand electricity market and is a scenario that we have been planning for. The precise impact on the electricity system will depend on a number of factors, including transmission capacity and future shifts in demand. As a predominantly North Island generator, Genesis expects the immediate effects to be felt more by the larger South Island generators. We see benefit for the New Zealand electricity market through the removal of a significant source of uncertainty. In the medium to long term, this presents a potential opportunity to accelerate electrification of industrial processes, especially in the South Island. As for all generators, we will need to further assess what the closure means for our generation portfolio long term."

Media contact

Name

Allan Swann

Role

Communications Manager

Company

Genesis

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