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Image (Scott Morrison 'ScoMo' FB) - Prime Minister Scott Morrison speaks at the ALCOA facility in Portland

Portland Smelter Saved

Portland Smelter Saved

Image (Scott Morrison 'ScoMo' FB) - Prime Minister Scott Morrison speaks at the ALCOA facility in Portland

Jobs of 500 saved, as new deal is struck

Prime Minister Scott Morrison visited Portland today [19.03] after the local aluminium plant reached a new electricity deal.

ALCOA will keep the manufacturing facility running until 2026, saving 500 jobs.

Three independent power agreements were made with AGL Energy, Alinta and Origin Energy, lasting 5 years.

The Prime Minister joined Member for Wannon Dan Tehan, to announce Portland’s Aluminum Smelter will receive $76.8 million from the Federal Government.

Speaking with Ace Radio, Mr Morrison said, “This is all about keeping people in jobs and keeping the lights on across Victoria, we're very pleased to provide this under-riding support of some $76 million dollars and that comes on the back of a significant support we gave to the Government back in 2016 when I was Treasurer of some $30 million dollars"

"This has just continued to back the jobs here at Portland, I want to see heavy industries here in Regional Victoria continue and I want to see that go well into the future"

"We're backing that in and we're doing it in a smart way which deals with the changes in the electricity market and ensuring that the Portland Smelter can play a roll in that and at the same time get the revenues they need to keep people in work.”

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Mr Tehan said the announcement was fantastic for both the local Portland community, and the wider South West.

"ALCOA have confirmed that they have a five-year deal with three power companies which will see them continue to operate here in Australia providing 500 direct jobs and nearly 2,000 indirect jobs to the south-west " said Mr Tehan.

“We’ve been working really hard with the company over the last 12 months to reach this point and the fact that we're here today and the PM's come into Portland for the announcement just shows how important this is not only for Portland, not only for Victoria, but for Australia as a whole".

Victorian Treasurer Tim Pallas joined the pair, to confirm the State Government has also reached an in-principle funding agreement to help secure the facilities future, which will save jobs and protecting the local economy.

The in-principle agreement is a result of extensive consultation with Alcoa and will match the Commonwealth Government’s commitment following Alcoa securing multiple five-year energy generator agreements.

The State will work with Alcoa to reach a final agreement as soon as possible.

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