A deal's been made with New Zealand’s Aluminium Smelter to keep the smelter at Tiwai operating for the next 20 years.
The agreement includes a significant demand response deal to make more electricity available for the country when it may be required during times of high demand.
It also has commitments for the environmental remediation of the smelter site.
Invercargill Mayor Nobby Clark told Kerre Woodham that this is outstanding news for the region.
He said that there was a nervousness as to how much power Tiwai needs and where that power could be diverted to other industries, but it seems as though power companies are able to deal with both.
It’s outstanding, Clark said, as they have other industries wanting to make their way into Invercargill.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.