
Alcoa and AGL Energy sign power agreement for Portland aluminium smelter
Alcoa and AGL Energy sign power agreement for Portland aluminium smelter Alcoa (ASX: AAI) and AGL Energy (ASX: AGL) have entered a nine-year agreement to support future operations at the Portland aluminium smelter in Victoria. Effective July 1, 2026, the agreement covers 287MW of power supply and will support smelter operations to mid-2035. Together with a 300MW contract finalised with AGL in 2023, the combined contract will enable the smelter to produce up to 95% of its nameplate capacity of 358ktpa of aluminium. Currently, the smelter production averages at about 80% capacity. Alcoa Australia interim president...